Point72 Asset Management L.P. lifted its holdings in shares of JD.com, Inc. (NASDAQ:JD – Free Report) by 117.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 approximately 0.4% of Point72 Asset Management L.P.’s investment portfolio, making the stock its 21st biggest position. Point72 Asset Management L.P. owned 0.26% of JD.com worth $161,356,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised 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 buying an additional 4,445,277 shares during the period. Federated Hermes Inc. increased its stake in JD.com by 16.4% during the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock worth $110,601,000 after purchasing an additional 603,211 shares during the period. Fisher Asset Management LLC lifted its position in shares of JD.com by 9.0% during the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock worth $162,904,000 after purchasing an additional 336,740 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its holdings in JD.com by 5.9% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after buying an additional 200,200 shares in the last quarter. Finally, Polunin Capital Partners Ltd grew its stake in shares of JD.com by 27.8% in the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after acquiring an additional 447,264 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently commented on JD shares. Citigroup lowered their price objective on 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. increased their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays lifted their price objective on shares of 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 dropped their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. Finally, StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.36.
JD.com Price Performance
JD.com stock opened at $37.10 on Wednesday. The business has a 50 day simple moving average of $39.34 and a 200-day simple moving average of $31.80. JD.com, Inc. has a 12 month low of $20.82 and a 12 month 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 stock has a market capitalization of $58.51 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.31 and a beta of 0.38.
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.
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