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

Van ECK Associates Corp lifted its stake in JD.com, Inc. (NASDAQ:JD) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 393,597 shares of the information services provider’s stock after acquiring an additional 66,693 shares during the quarter. Van ECK Associates Corp’s holdings in JD.com were worth $13,646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in JD. Richardson Financial Services Inc. bought a new position in JD.com in the fourth quarter valued at about $27,000. Brooklyn Investment Group bought a new position in shares of JD.com in the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC boosted its holdings in shares of JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after buying an additional 417 shares during the last quarter. Modus Advisors LLC bought a new stake in JD.com during the fourth quarter valued at approximately $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in JD.com during the third quarter valued at approximately $49,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JD. Citigroup cut their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research report on Wednesday. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the company from $49.00 to $48.00 in a research report on Monday, October 21st. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $46.00 in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and an average price target of $41.36.

JD.com Stock Up 4.5 %

Shares of JD stock opened at $41.38 on Friday. The company’s fifty day simple moving average is $37.71 and its two-hundred day simple moving average is $35.15. JD.com, Inc. has a 52 week low of $21.18 and a 52 week high of $47.82. The stock has a market cap of $65.26 billion, a P/E ratio of 13.09, a PEG ratio of 0.30 and a beta of 0.40. 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 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.