LGT Fund Management Co Ltd. Makes New $953,000 Investment in JD.com, Inc. (NASDAQ:JD)

LGT Fund Management Co Ltd. bought a new position in JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 27,500 shares of the information services provider’s stock, valued at approximately $953,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Richardson Financial Services Inc. purchased a new position in shares of JD.com during the 4th quarter worth $27,000. Brooklyn Investment Group purchased a new position in shares of JD.com during the 4th quarter worth $34,000. Nisa Investment Advisors LLC grew its holdings in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the period. Modus Advisors LLC purchased a new position in shares of JD.com during the 4th quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of JD.com during the 3rd quarter worth $49,000. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of JD opened at $40.24 on Tuesday. The stock has a 50-day simple moving average of $38.45 and a 200-day simple moving average of $36.45. 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 stock has a market capitalization of $63.46 billion, a PE ratio of 12.73, a PEG ratio of 0.31 and a beta of 0.40. JD.com, Inc. has a 1 year low of $21.18 and a 1 year high of $47.82.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on JD shares. Citigroup lowered their price target on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Benchmark restated a “buy” rating and set a $47.00 target price on shares of JD.com in a report on Friday, November 15th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and raised their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average target price of $41.71.

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.