JD.com, Inc. (NASDAQ:JD) Shares Acquired by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of JD.com, Inc. (NASDAQ:JD) by 13.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 843,000 shares of the information services provider’s stock after buying an additional 100,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.05% of JD.com worth $33,720,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JD. FMR LLC increased its stake in shares of JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after buying an additional 4,445,277 shares during the period. Hhlr Advisors LTD. increased its stake in shares of JD.com by 2,523.0% during the third quarter. Hhlr Advisors LTD. now owns 1,600,000 shares of the information services provider’s stock worth $64,000,000 after buying an additional 1,539,000 shares during the period. WT Asset Management Ltd purchased a new stake in shares of JD.com during the third quarter worth approximately $55,635,000. Robeco Institutional Asset Management B.V. increased its stake 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 last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake 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 last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and dropped their price target for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Barclays increased their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Citigroup dropped their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Sanford C. Bernstein lowered their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Finally, Susquehanna restated a “neutral” rating and set a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Price Performance

JD.com stock opened at $37.38 on Friday. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The business has a fifty day moving average of $39.12 and a two-hundred day moving average of $31.79. The company has a market cap of $58.95 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 0.30 and a beta of 0.41.

JD.com Company Profile

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.