Alberta Investment Management Corp Purchases 102,326 Shares of JD.com, Inc. (NASDAQ:JD)

Alberta Investment Management Corp raised its stake in shares of JD.com, Inc. (NASDAQ:JD) by 25.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 504,519 shares of the information services provider’s stock after acquiring an additional 102,326 shares during the period. Alberta Investment Management Corp’s holdings in JD.com were worth $17,492,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Richardson Financial Services Inc. bought a new position in JD.com during the 4th quarter valued at $27,000. Brooklyn Investment Group bought a new stake in shares of JD.com during the 4th quarter worth $34,000. Nisa Investment Advisors LLC raised its stake in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the period. Modus Advisors LLC bought a new stake in shares of JD.com during the 4th quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of JD.com during the 3rd quarter worth $49,000. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Down 6.0 %

JD stock opened at $38.91 on Wednesday. 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 firm has a market capitalization of $61.37 billion, a PE ratio of 12.31, a PEG ratio of 0.31 and a beta of 0.40. JD.com, Inc. has a twelve month low of $21.18 and a twelve month high of $47.82. The stock has a 50-day simple moving average of $37.70 and a two-hundred day simple moving average of $35.49.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JD. Citigroup lowered 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. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Benchmark reiterated a “buy” rating and set a $47.00 target price on shares of JD.com in a research note on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Finally, Dbs Bank raised JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.36.

About JD.com

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.