Viewpoint Capital Management LLC Invests $206,000 in JD.com, Inc. (NASDAQ:JD)

Viewpoint Capital Management LLC acquired a new position in JD.com, Inc. (NASDAQ:JD) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the information services provider’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC grew its position in JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock valued at $986,280,000 after buying an additional 13,170,649 shares during the period. Appaloosa LP grew its position in JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock valued at $362,852,000 after buying an additional 3,165,885 shares during the period. CoreView Capital Management Ltd grew its position in JD.com by 204.8% during the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock valued at $221,878,000 after buying an additional 4,299,872 shares during the period. Temasek Holdings Private Ltd grew 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 valued at $160,366,000 after buying an additional 718,760 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in JD.com by 14.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 3,801,669 shares of the information services provider’s stock valued at $156,325,000 after buying an additional 487,969 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

NASDAQ:JD opened at $32.07 on Friday. The company’s 50-day moving average price is $33.29 and its 200-day moving average price is $36.75. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The company has a market cap of $50.57 billion, a P/E ratio of 7.80, a P/E/G ratio of 1.15 and a beta of 0.48. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on JD shares. Wall Street Zen downgraded shares of JD.com from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Susquehanna decreased their price objective on shares of JD.com from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, May 15th. 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. Arete Research raised shares of JD.com to a “hold” rating in a report on Tuesday, June 24th. Finally, Macquarie reaffirmed a “neutral” rating and set a $35.00 price objective on shares of JD.com in a report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.23.

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.