Handelsbanken Fonder AB Raises Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Handelsbanken Fonder AB raised its holdings in JD.com, Inc. (NASDAQ:JD) by 26.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 802,895 shares of the information services provider’s stock after purchasing an additional 166,388 shares during the quarter. Handelsbanken Fonder AB owned 0.05% of JD.com worth $33,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in JD. Farther Finance Advisors LLC increased its position in JD.com by 111.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after buying an additional 684 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of JD.com by 129.1% during the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider’s stock worth $48,000 after acquiring an additional 785 shares during the period. WASHINGTON TRUST Co purchased a new stake in JD.com in the 4th quarter worth about $52,000. Allianz SE bought a new stake in JD.com in the 4th quarter valued at about $52,000. Finally, Compagnie Lombard Odier SCmA lifted its holdings in JD.com by 57.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,868 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 678 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Performance

Shares of JD opened at $33.79 on Wednesday. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a market cap of $53.29 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.31 and a beta of 0.48. The stock has a 50-day moving average price of $34.05 and a 200-day moving average price of $37.32.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Citigroup reissued a “buy” rating and set a $51.00 target price (down previously from $56.00) on shares of JD.com in a report on Monday, April 28th. Susquehanna dropped their target price on JD.com from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, May 15th. Bank of America reduced their price target on JD.com from $51.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Finally, Macquarie reiterated a “neutral” rating and set a $35.00 price objective on shares of JD.com in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.33.

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.