JD.com, Inc. (NASDAQ:JD) Position Decreased by TT International Asset Management LTD

TT International Asset Management LTD lowered its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 60.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,913 shares of the information services provider's stock after selling 236,626 shares during the quarter. JD.com accounts for approximately 0.8% of TT International Asset Management LTD's holdings, making the stock its 16th biggest holding. TT International Asset Management LTD's holdings in JD.com were worth $5,405,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JD. Headwater Capital Co Ltd bought a new stake in shares of JD.com in the fourth quarter worth $17,335,000. Range Financial Group LLC bought a new stake in shares of JD.com in the 4th quarter worth about $824,000. Nordea Investment Management AB raised its stake in shares of JD.com by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 451,509 shares of the information services provider's stock valued at $15,821,000 after purchasing an additional 30,140 shares in the last quarter. Modus Advisors LLC bought a new position in shares of JD.com during the fourth quarter worth about $41,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in JD.com in the third quarter worth about $341,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JD. Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Benchmark restated a "buy" rating and set a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. JPMorgan Chase & Co. boosted 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. Barclays increased their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Finally, StockNews.com downgraded shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, JD.com has a consensus rating of "Moderate Buy" and a consensus price target of $41.36.

JD.com Stock Performance

JD.com stock traded up $0.33 during mid-day trading on Monday, hitting $33.43. 4,332,617 shares of the company's stock traded hands, compared to its average volume of 7,469,787. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82. The firm has a 50 day moving average price of $36.42 and a 200 day moving average price of $33.04. The company has a market cap of $52.72 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39.

About JD.com

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.