TT International Asset Management LTD Takes Position in JD.com, Inc. (NASDAQ:JD)

TT International Asset Management LTD acquired a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 392,539 shares of the information services provider's stock, valued at approximately $15,701,000. JD.com makes up approximately 1.9% of TT International Asset Management LTD's portfolio, making the stock its 16th biggest holding.

Several other large investors also recently made changes to their positions in the business. Polunin Capital Partners Ltd lifted 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 buying an additional 447,264 shares during the period. Seven Grand Managers LLC bought a new position in JD.com in the third quarter valued at approximately $16,800,000. Citigroup Inc. boosted its stake in shares of JD.com by 9.9% during the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock worth $16,012,000 after acquiring an additional 36,096 shares during the period. SG Americas Securities LLC boosted its stake in shares of JD.com by 55.8% during the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider's stock worth $3,770,000 after acquiring an additional 33,771 shares during the period. Finally, Maple Rock Capital Partners Inc. boosted its stake in JD.com by 5.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock valued at $143,086,000 after purchasing an additional 200,200 shares during the period. Institutional investors own 15.98% of the company's stock.

JD.com Price Performance

JD.com stock traded down $1.39 during midday trading on Wednesday, hitting $38.17. 6,604,656 shares of the company's stock were exchanged, compared to its average volume of 14,733,234. 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 moving average price of $39.26 and a two-hundred day moving average price of $32.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The company has a market cap of $60.20 billion, a P/E ratio of 12.01, a PEG ratio of 0.30 and a beta of 0.38.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on JD shares. Susquehanna restated a "neutral" rating and set a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their price target on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Sanford C. Bernstein upgraded JD.com from a "market perform" rating to an "outperform" rating and upped their price target for the company from $43.00 to $46.00 in a research report on Monday. Barclays upped their target price on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Finally, StockNews.com upgraded JD.com from a "hold" rating to a "buy" rating in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.