Y Intercept Hong Kong Ltd Purchases New Position in JD.com, Inc. (NASDAQ:JD)

Y Intercept Hong Kong Ltd bought a new position in JD.com, Inc. (NASDAQ:JD - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 490,358 shares of the information services provider's stock, valued at approximately $19,614,000. JD.com comprises about 1.2% of Y Intercept Hong Kong Ltd's portfolio, making the stock its 3rd largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MML Investors Services LLC lifted its holdings in shares of JD.com by 25.1% during the third quarter. MML Investors Services LLC now owns 18,539 shares of the information services provider's stock valued at $742,000 after purchasing an additional 3,717 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new position in JD.com in the 3rd quarter worth about $664,000. National Bank of Canada FI lifted its stake in JD.com by 65,089.6% during the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock valued at $88,580,000 after acquiring an additional 2,211,095 shares during the period. CoreView Capital Management Ltd boosted its holdings in shares of JD.com by 152.5% during the 3rd quarter. CoreView Capital Management Ltd now owns 2,099,839 shares of the information services provider's stock valued at $83,994,000 after acquiring an additional 1,268,200 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of JD.com in the third quarter worth approximately $346,000. 15.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Sanford C. Bernstein upgraded shares of JD.com from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $43.00 to $46.00 in a research report on Monday. Benchmark restated a "buy" rating and set a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. JPMorgan Chase & Co. lifted their price target 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. Barclays increased their price objective 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. Finally, Susquehanna reaffirmed a "neutral" rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, JD.com has a consensus rating of "Moderate Buy" and an average target price of $41.36.

JD.com Price Performance

Shares of JD.com stock traded up $4.09 on Monday, hitting $41.27. The company's stock had a trading volume of 33,142,865 shares, compared to its average volume of 14,786,817. 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 capitalization of $65.09 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 0.30 and a beta of 0.38. The firm has a fifty day moving average price of $39.33 and a 200-day moving average price of $31.93. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $47.82.

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.