Fisher Asset Management LLC Increases Holdings in JD.com, Inc. (NASDAQ:JD)

Fisher Asset Management LLC lifted its position in JD.com, Inc. (NASDAQ:JD) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,072,599 shares of the information services provider’s stock after purchasing an additional 336,740 shares during the quarter. Fisher Asset Management LLC’s holdings in JD.com were worth $162,904,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. WT Asset Management Ltd acquired a new stake in JD.com in the third quarter valued at approximately $55,635,000. Robeco Institutional Asset Management B.V. grew its holdings in JD.com by 177.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,873,282 shares of the information services provider’s stock valued at $74,931,000 after purchasing an additional 1,198,753 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in JD.com by 155.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,661,357 shares of the information services provider’s stock valued at $66,454,000 after purchasing an additional 1,010,736 shares during the period. Veritas Asset Management LLP acquired a new stake in JD.com in the third quarter valued at approximately $29,642,000. Finally, Varma Mutual Pension Insurance Co grew its holdings in JD.com by 285.0% in the second quarter. Varma Mutual Pension Insurance Co now owns 946,300 shares of the information services provider’s stock valued at $24,452,000 after purchasing an additional 700,500 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JD has been the topic of several research analyst reports. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a report on Friday. Susquehanna reaffirmed a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. 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 research note on Wednesday, October 16th. Finally, Sanford C. Bernstein lowered their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.36.

JD.com Stock Performance

NASDAQ JD opened at $34.51 on Tuesday. The stock’s fifty day moving average is $38.40 and its two-hundred day moving average is $31.66. The firm has a market capitalization of $54.43 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 0.29 and a beta of 0.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

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.