Rings Capital Management LLC Purchases Shares of 180,000 JD.com, Inc. (NASDAQ:JD)

Rings Capital Management LLC purchased a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 180,000 shares of the information services provider's stock, valued at approximately $7,200,000. JD.com comprises 3.8% of Rings Capital Management LLC's holdings, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of 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 buying an additional 4,445,277 shares during the period. WT Asset Management Ltd bought a new position in JD.com in the third quarter valued at about $55,635,000. Robeco Institutional Asset Management B.V. increased its position in JD.com by 177.7% in the third 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 purchasing an additional 1,198,753 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in 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 worth $66,454,000 after purchasing an additional 1,010,736 shares during the last quarter. Finally, Veritas Asset Management LLP acquired a new position in JD.com during the 3rd quarter valued at about $29,642,000. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Stock Up 5.3 %

Shares of JD stock traded up $1.86 on Thursday, hitting $37.19. 15,474,985 shares of the stock were exchanged, compared to its average volume of 14,860,384. 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 firm has a market capitalization of $58.65 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 0.28 and a beta of 0.41. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The business has a 50-day moving average of $38.77 and a 200 day moving average of $31.73.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on JD shares. Citigroup decreased their price objective on JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Benchmark reaffirmed a "buy" rating and issued a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Barclays upped their target price 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 raised shares of JD.com from a "hold" rating to a "buy" rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their price objective 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. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.36.

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.