Headwater Capital Co Ltd Takes Position in JD.com, Inc. (NASDAQ:JD)

Headwater Capital Co Ltd bought a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 500,000 shares of the information services provider’s stock, valued at approximately $17,335,000. JD.com accounts for 9.2% of Headwater Capital Co Ltd’s holdings, making the stock its 4th biggest position.

Several other hedge funds have also modified their holdings of the stock. Two Sigma Advisers LP increased its holdings in shares of JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after acquiring an additional 4,839,700 shares during the last quarter. FMR LLC increased its holdings in shares of JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after acquiring an additional 4,445,277 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after acquiring an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after acquiring an additional 2,175,568 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of JD.com during the third quarter worth about $73,311,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of JD stock opened at $33.10 on Monday. The stock has a 50-day moving average price of $36.42 and a 200 day moving average price of $33.04. 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 cap of $52.20 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.30 and a beta of 0.39. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. JPMorgan Chase & Co. upped their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays upped their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Finally, StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.