Ballentine Partners LLC Has $397,000 Holdings in JD.com, Inc. (NASDAQ:JD)

Ballentine Partners LLC boosted its position in JD.com, Inc. (NASDAQ:JD) by 12.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,453 shares of the information services provider’s stock after buying an additional 1,226 shares during the quarter. Ballentine Partners LLC’s holdings in JD.com were worth $397,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its stake 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 purchasing an additional 4,445,277 shares during the last quarter. Two Sigma Advisers LP lifted its position in 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 in the last quarter. Fisher Asset Management LLC boosted its position in JD.com by 9.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock worth $162,904,000 after acquiring an additional 336,740 shares during the last quarter. Point72 Asset Management L.P. grew 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 in the last quarter. Finally, Maple Rock Capital Partners Inc. increased its holdings in JD.com by 5.9% during the third 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 during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on JD shares. JPMorgan Chase & Co. lifted their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. 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 note on Friday, November 15th. Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their target price for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Price Performance

NASDAQ JD opened at $38.70 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 12 month low of $21.18 and a 12 month high of $47.82. The company’s 50 day moving average is $36.13 and its two-hundred day moving average is $33.58. The stock has a market cap of $61.03 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 0.28 and a beta of 0.39.

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.