Ping Capital Management Inc. raised its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 133.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,000 shares of the information services provider's stock after buying an additional 16,000 shares during the period. JD.com accounts for 0.2% of Ping Capital Management Inc.'s investment portfolio, making the stock its 26th biggest holding. Ping Capital Management Inc.'s holdings in JD.com were worth $971,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of JD. Polunin Capital Partners Ltd grew its stake in JD.com by 27.8% in the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider's stock valued at $82,291,000 after buying an additional 447,264 shares in the last quarter. Seven Grand Managers LLC purchased a new position in JD.com in the 3rd quarter valued at approximately $16,800,000. Citigroup Inc. grew its stake in JD.com by 9.9% in the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock valued at $16,012,000 after buying an additional 36,096 shares in the last quarter. Maple Rock Capital Partners Inc. grew its stake in JD.com by 5.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock valued at $143,086,000 after buying an additional 200,200 shares in the last quarter. Finally, KBC Group NV grew its stake in JD.com by 213.4% in the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock valued at $12,343,000 after buying an additional 242,409 shares in the last quarter. Institutional investors own 15.98% of the company's stock.
Analyst Upgrades and Downgrades
JD has been the subject of a number of recent analyst reports. Barclays boosted their price target on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Citigroup reduced their price target on shares of JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a research report on Friday, November 15th. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and reduced their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Benchmark restated a "buy" rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, JD.com has a consensus rating of "Moderate Buy" and a consensus price target of $41.36.
Read Our Latest Stock Analysis on JD.com
JD.com Trading Up 0.4 %
JD.com stock traded up $0.16 during mid-day trading on Friday, hitting $40.17. The company's stock had a trading volume of 8,322,665 shares, compared to its average volume of 10,550,680. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The stock has a market cap of $63.35 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 0.30 and a beta of 0.40. The business has a 50 day moving average price of $37.32 and a 200-day moving average price of $34.65. JD.com, Inc. has a 12 month low of $21.18 and a 12 month high of $47.82.
About JD.com
(
Free Report)
JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
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