Todd Asset Management LLC Boosts Position in JD.com, Inc. (NASDAQ:JD)

Todd Asset Management LLC lifted its position in JD.com, Inc. (NASDAQ:JD) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 651,382 shares of the information services provider’s stock after buying an additional 1,929 shares during the quarter. Todd Asset Management LLC’s holdings in JD.com were worth $22,583,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of JD. Two Sigma Advisers LP boosted its position in shares of JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after acquiring an additional 4,839,700 shares during the last quarter. FMR LLC lifted its position in JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after purchasing an additional 4,445,277 shares during the last quarter. National Bank of Canada FI grew its stake in JD.com by 65,089.6% in 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 in the last quarter. Point72 Asset Management L.P. increased its holdings 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 last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of JD.com during the 3rd quarter valued at $73,311,000. Institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on JD shares. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $43.00 to $46.00 in a report on Monday, December 9th. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Benchmark reissued a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Price Performance

Shares of JD.com stock opened at $39.31 on Tuesday. The company’s fifty day simple moving average is $37.94 and its two-hundred day simple moving average is $35.91. JD.com, Inc. has a 12-month low of $21.18 and a 12-month high of $47.82. The firm has a market cap of $62.00 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

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.