Point72 Hong Kong Ltd Buys Shares of 1,832,766 JD.com, Inc. (NASDAQ:JD)

Point72 Hong Kong Ltd purchased a new position in JD.com, Inc. (NASDAQ:JD - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,832,766 shares of the information services provider's stock, valued at approximately $73,311,000. JD.com accounts for 5.0% of Point72 Hong Kong Ltd's investment portfolio, making the stock its largest position. Point72 Hong Kong Ltd owned approximately 0.12% of JD.com as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its position in JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock valued at $611,080,000 after acquiring an additional 4,445,277 shares in the last quarter. Hhlr Advisors LTD. boosted its position in shares of JD.com by 2,523.0% during the third quarter. Hhlr Advisors LTD. now owns 1,600,000 shares of the information services provider's stock worth $64,000,000 after buying an additional 1,539,000 shares during the period. WT Asset Management Ltd acquired a new stake in JD.com during the 3rd quarter worth approximately $55,635,000. Robeco Institutional Asset Management B.V. grew its stake in shares of JD.com by 177.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,873,282 shares of the information services provider's stock worth $74,931,000 after acquiring an additional 1,198,753 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of JD.com by 155.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,661,357 shares of the information services provider's stock valued at $66,454,000 after purchasing an additional 1,010,736 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. StockNews.com upgraded JD.com from a "hold" rating to a "buy" rating in a research report on Friday, November 22nd. Loop Capital raised shares of JD.com from a "hold" rating to a "buy" rating and dropped their price objective for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Sanford C. Bernstein reduced their price objective on shares of JD.com from $35.00 to $32.00 and set a "market perform" rating for the company in a report on Friday, August 16th. Finally, Benchmark reissued a "buy" rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, JD.com has a consensus rating of "Moderate Buy" and a consensus price target of $40.36.

JD.com Stock Up 0.5 %

NASDAQ:JD traded up $0.19 during trading hours on Friday, reaching $37.38. 6,108,812 shares of the company traded hands, compared to its average volume of 12,598,303. The business's 50-day moving average price is $39.12 and its two-hundred day moving average price is $31.78. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $58.95 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.31 and a beta of 0.41. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $47.82.

JD.com Profile

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.