JD.com, Inc. (NASDAQ:JD) Shares Purchased by Fmr LLC

Fmr LLC increased its position in shares of JD.com, Inc. (NASDAQ:JD) by 41.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,276,992 shares of the information services provider’s stock after acquiring an additional 4,445,277 shares during the period. Fmr LLC’s holdings in JD.com were worth $611,080,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JD. Huntington National Bank raised its holdings in shares of JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after acquiring an additional 452 shares during the last quarter. SRN Advisors LLC increased its stake in JD.com by 1.6% in the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock valued at $1,288,000 after purchasing an additional 516 shares during the last quarter. Panagora Asset Management Inc. increased its stake in JD.com by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock valued at $676,000 after purchasing an additional 719 shares during the last quarter. V Square Quantitative Management LLC increased its stake in JD.com by 4.8% in the second quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock valued at $447,000 after purchasing an additional 797 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC increased its stake in JD.com by 4.0% in the third quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock valued at $849,000 after purchasing an additional 820 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JD has been the subject of a number of analyst reports. Sanford C. Bernstein reduced their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. StockNews.com upgraded JD.com from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Barclays increased their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Citigroup decreased their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. increased their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Price Performance

JD opened at $37.19 on Friday. The stock has a fifty day moving average of $38.94 and a 200-day moving average of $31.76. The firm has a market capitalization of $58.65 billion, a P/E ratio of 11.77, a PEG ratio of 0.28 and a beta of 0.41. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $47.82. 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 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.