Fmr LLC Raises Stake in JD.com, Inc. (NASDAQ:JD)

Fmr LLC raised its stake in JD.com, Inc. (NASDAQ:JD) by 41.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,276,992 shares of the information services provider’s stock after buying an additional 4,445,277 shares during the quarter. Fmr LLC owned approximately 0.97% of JD.com worth $611,080,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new stake in JD.com in the 2nd quarter valued at about $28,000. Huntington National Bank raised its position in JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in JD.com by 58.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 1,102 shares in the last quarter. Blue Trust Inc. raised its position in JD.com by 295.7% in the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after purchasing an additional 2,360 shares in the last quarter. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of JD.com during the 2nd quarter worth about $172,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Up 5.3 %

JD.com stock opened at $37.19 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82. The company has a market cap of $58.65 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.28 and a beta of 0.41. The stock’s 50 day moving average price is $38.94 and its 200 day moving average price is $31.76.

Analyst Ratings Changes

Several brokerages have recently weighed in on JD. StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Barclays lifted their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and cut their price target for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Susquehanna reaffirmed a “neutral” rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock 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.