564,918 Shares in JD.com, Inc. (NASDAQ:JD) Bought by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 564,918 shares of the information services provider’s stock, valued at approximately $22,597,000. JD.com accounts for 5.2% of Polymer Capital Management HK LTD’s holdings, making the stock its largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Tidal Investments LLC bought a new position in JD.com in the first quarter worth about $849,000. Cetera Advisors LLC purchased a new stake in shares of JD.com in the 1st quarter worth approximately $280,000. Guinness Atkinson Asset Management Inc increased its position in JD.com by 6.1% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 39,560 shares of the information services provider’s stock valued at $1,022,000 after buying an additional 2,260 shares in the last quarter. QRG Capital Management Inc. raised its stake in JD.com by 4.7% during the second quarter. QRG Capital Management Inc. now owns 28,408 shares of the information services provider’s stock valued at $734,000 after buying an additional 1,273 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of JD.com by 51.1% in the second quarter. SG Americas Securities LLC now owns 60,484 shares of the information services provider’s stock worth $1,563,000 after acquiring an additional 20,445 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Trading Down 1.0 %

Shares of JD opened at $37.10 on Wednesday. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $47.82. The stock has a market cap of $58.51 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.31 and a beta of 0.38. The firm’s fifty day moving average is $39.34 and its two-hundred day moving average is $31.80. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JD. 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. Susquehanna reissued a “neutral” rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Benchmark restated a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Sanford C. Bernstein lowered their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Finally, StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.36.

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.