Genesis Investment Management LLP Has $4.75 Million Position in JD.com, Inc. (NASDAQ:JD)

Genesis Investment Management LLP cut its stake in shares of JD.com, Inc. (NASDAQ:JD) by 76.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,029 shares of the information services provider’s stock after selling 439,371 shares during the period. JD.com makes up about 5.2% of Genesis Investment Management LLP’s holdings, making the stock its 9th biggest position. Genesis Investment Management LLP’s holdings in JD.com were worth $4,751,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Aurora Investment Managers LLC. raised its position in JD.com by 3.7% during the fourth quarter. Aurora Investment Managers LLC. now owns 216,438 shares of the information services provider’s stock valued at $7,504,000 after buying an additional 7,789 shares during the period. FLC Capital Advisors purchased a new stake in JD.com in the 4th quarter worth approximately $202,000. Trium Capital LLP acquired a new stake in shares of JD.com during the 4th quarter valued at $62,000. Brooklyn Investment Group acquired a new position in JD.com in the 4th quarter worth about $34,000. Finally, Ritholtz Wealth Management raised its stake in shares of JD.com by 51.1% during the 4th quarter. Ritholtz Wealth Management now owns 98,898 shares of the information services provider’s stock worth $3,429,000 after purchasing an additional 33,441 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of JD.com stock opened at $39.00 on Tuesday. The firm has a market cap of $61.51 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.29 and a beta of 0.39. The firm’s 50-day simple moving average is $36.02 and its 200-day simple moving average is $33.37. JD.com, Inc. has a twelve month low of $20.82 and a twelve month 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.

Wall Street Analyst Weigh In

JD has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price 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. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and dropped their target price for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Finally, Citigroup lowered their price target on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

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.