Van ECK Associates Corp Buys 66,693 Shares of JD.com, Inc. (NASDAQ:JD)

Van ECK Associates Corp lifted its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 20.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 393,597 shares of the information services provider's stock after purchasing an additional 66,693 shares during the period. Van ECK Associates Corp's holdings in JD.com were worth $13,646,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of 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 acquiring an additional 4,445,277 shares during the period. Two Sigma Advisers LP lifted its stake in shares of JD.com by 329.9% during the third 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 during the period. Fisher Asset Management LLC lifted its stake in shares of JD.com by 9.0% during the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider's stock valued at $162,904,000 after acquiring an additional 336,740 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider's stock valued at $161,356,000 after acquiring an additional 2,175,568 shares during the period. Finally, Maple Rock Capital Partners Inc. lifted its stake 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 valued at $143,086,000 after acquiring an additional 200,200 shares during the period. Institutional investors own 15.98% of the company's stock.

JD.com Stock Up 0.7 %

Shares of NASDAQ:JD traded up $0.28 during mid-day trading on Wednesday, reaching $39.19. 7,632,424 shares of the stock were exchanged, compared to its average volume of 11,046,947. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a market cap of $61.81 billion, a P/E ratio of 12.40, a P/E/G ratio of 0.31 and a beta of 0.40. JD.com, Inc. has a one year low of $21.18 and a one year high of $47.82. The stock's 50 day simple moving average is $37.70 and its 200-day simple moving average is $35.49.

Analyst Upgrades and Downgrades

JD has been the topic of several research reports. Sanford C. Bernstein raised 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 note on Monday, December 9th. Citigroup cut their target price 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. Dbs Bank raised JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Benchmark restated a "buy" rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average 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.