Rakuten Securities Inc. Grows Position in JD.com, Inc. (NASDAQ:JD)

Rakuten Securities Inc. raised its position in JD.com, Inc. (NASDAQ:JD) by 55.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,578 shares of the information services provider’s stock after purchasing an additional 3,406 shares during the quarter. Rakuten Securities Inc.’s holdings in JD.com were worth $394,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Appaloosa LP increased its stake in shares of JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after buying an additional 3,165,885 shares during the period. Temasek Holdings Private Ltd increased its position in JD.com by 18.4% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider’s stock worth $160,366,000 after buying an additional 718,760 shares during the period. Alberta Investment Management Corp boosted its stake in JD.com by 25.4% during the 4th quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider’s stock worth $17,492,000 after purchasing an additional 102,326 shares during the period. Raymond James Financial Inc. purchased a new position in shares of JD.com during the fourth quarter worth about $2,363,000. Finally, Myriad Asset Management US LP acquired a new position in shares of JD.com in the first quarter valued at approximately $2,598,000. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Trading Up 2.2%

Shares of JD.com stock opened at $33.48 on Tuesday. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The business has a 50 day moving average price of $33.97 and a 200 day moving average price of $37.25. The company has a market capitalization of $52.80 billion, a P/E ratio of 10.59, a P/E/G ratio of 0.31 and a beta of 0.48.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Morgan Stanley set a $39.00 target price on JD.com in a research note on Tuesday, May 13th. Bank of America decreased their target price on shares of JD.com from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen cut shares of JD.com from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Barclays increased their price target on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Benchmark decreased their price objective on shares of JD.com from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Three investment 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. According to data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus target price of $46.33.

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.