Public Employees Retirement System of Ohio Invests $21.79 Million in JD.com, Inc. (NASDAQ:JD)

Public Employees Retirement System of Ohio purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 544,858 shares of the information services provider's stock, valued at approximately $21,794,000.

Several other hedge funds have also recently bought and sold shares of the business. Two Sigma Advisers LP grew its holdings in shares of JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock valued at $252,268,000 after acquiring an additional 4,839,700 shares in the last quarter. FMR LLC boosted its position in JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock valued at $611,080,000 after purchasing an additional 4,445,277 shares during the last quarter. National Bank of Canada FI grew its stake in JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock valued at $88,580,000 after purchasing an additional 2,211,095 shares in the last quarter. Point72 Asset Management L.P. increased its position in JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider's stock worth $161,356,000 after purchasing an additional 2,175,568 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of JD.com during the 3rd quarter worth about $73,311,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Down 3.4 %

JD stock traded down $1.35 during mid-day trading on Wednesday, reaching $38.21. The company had a trading volume of 11,253,795 shares, compared to its average volume of 14,753,014. The company has a market capitalization of $60.26 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.30 and a beta of 0.38. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82. The stock has a 50 day simple moving average of $39.26 and a two-hundred day simple moving average of $32.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

Analyst Ratings Changes

Several research firms have recently issued reports on JD. Benchmark reiterated a "buy" rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. StockNews.com upgraded JD.com from a "hold" rating to a "buy" rating in a report on Friday, November 22nd. Sanford C. Bernstein upgraded shares of JD.com from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $43.00 to $46.00 in a research note on Monday. Citigroup lowered their target price on shares of JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Finally, Barclays boosted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.36.

JD.com Company 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.