Soros Fund Management LLC Acquires 1,455,000 Shares of JD.com, Inc. (NASDAQ:JD)

Soros Fund Management LLC raised its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 114.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,730,000 shares of the information services provider's stock after purchasing an additional 1,455,000 shares during the period. JD.com accounts for approximately 1.6% of Soros Fund Management LLC's investment portfolio, making the stock its 15th biggest position. Soros Fund Management LLC owned approximately 0.17% of JD.com worth $109,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Polunin Capital Partners Ltd increased its stake in JD.com by 27.8% in the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider's stock valued at $82,291,000 after purchasing an additional 447,264 shares in the last quarter. Seven Grand Managers LLC acquired a new position in JD.com during the 3rd quarter worth approximately $16,800,000. Citigroup Inc. grew its stake in JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock valued at $16,012,000 after acquiring an additional 36,096 shares during the period. SG Americas Securities LLC increased its holdings in shares of JD.com by 55.8% during the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider's stock valued at $3,770,000 after acquiring an additional 33,771 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. raised its position in shares of JD.com by 5.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock worth $143,086,000 after purchasing an additional 200,200 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Price Performance

JD traded up $1.01 during midday trading on Friday, hitting $37.42. The stock had a trading volume of 4,555,759 shares, compared to its average volume of 14,679,447. The company has a market cap of $59.02 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 0.30 and a beta of 0.38. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $47.82. The business has a fifty day moving average of $39.36 and a 200 day moving average of $31.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on JD shares. JPMorgan Chase & Co. increased their target price on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Sanford C. Bernstein dropped their target price on shares of JD.com from $35.00 to $32.00 and set a "market perform" rating on the stock in a research report on Friday, August 16th. Benchmark reaffirmed a "buy" rating and issued a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Barclays lifted their price target on JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Finally, Citigroup reduced 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. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.