JD.com, Inc. (NASDAQ:JD) Shares Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. boosted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 117.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,033,900 shares of the information services provider’s stock after purchasing an additional 2,175,568 shares during the quarter. JD.com comprises 0.4% of Point72 Asset Management L.P.’s portfolio, making the stock its 21st biggest holding. Point72 Asset Management L.P.’s holdings in JD.com were worth $161,356,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new position in shares of JD.com during the 2nd quarter worth $28,000. Huntington National Bank raised its position in JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after acquiring an additional 452 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in shares of JD.com in the third quarter valued at about $103,000. Allspring Global Investments Holdings LLC grew its position in shares of JD.com by 58.4% in the third 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 during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after purchasing an additional 2,360 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JD has been the topic of several recent research reports. StockNews.com upgraded JD.com from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Sanford C. Bernstein reduced their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Susquehanna reiterated a “neutral” rating and set a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Citigroup reduced their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Stock Performance

Shares of JD stock opened at $37.10 on Wednesday. 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 $58.51 billion, a PE ratio of 11.74, a P/E/G ratio of 0.31 and a beta of 0.38. The company’s fifty day simple moving average is $39.34 and its 200-day simple moving average is $31.80. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82.

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.