JD.com, Inc. (NASDAQ:JD) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its position in shares of JD.com, Inc. (NASDAQ:JD) by 49.6% during the fourth quarter, Holdings Channel reports. The fund owned 130,207 shares of the information services provider’s stock after acquiring an additional 43,177 shares during the quarter. Exchange Traded Concepts LLC’s holdings in JD.com were worth $4,514,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JD. Two Sigma Advisers LP increased its position in JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after purchasing an additional 4,839,700 shares during the last quarter. FMR LLC grew its stake in shares of JD.com by 41.0% during 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. National Bank of Canada FI increased its holdings in shares of JD.com by 65,089.6% during the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. raised its position 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 worth $161,356,000 after buying an additional 2,175,568 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in JD.com in the third quarter valued at $73,311,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on JD shares. Barclays raised their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Citigroup reduced 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 report on Friday, November 15th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. lifted their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $41.36.

JD.com Trading Up 5.2 %

Shares of JD opened at $40.72 on Friday. JD.com, Inc. has a one year low of $21.18 and a one year high of $47.82. The stock has a 50-day moving average price of $36.24 and a 200 day moving average price of $33.62. 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 company has a market capitalization of $64.22 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.29 and a beta of 0.39.

JD.com 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.