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

LGT Fund Management Co Ltd. bought a new position in shares of JD.com, Inc. (NASDAQ:JD) during the 4th quarter, Holdings Channel reports. The institutional investor bought 27,500 shares of the information services provider’s stock, valued at approximately $953,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. 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 buying an additional 4,839,700 shares during the period. FMR LLC increased 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 worth $611,080,000 after buying an additional 4,445,277 shares during the period. National Bank of Canada FI increased its position in JD.com by 65,089.6% during the third 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 period. Point72 Asset Management L.P. increased its position in JD.com by 117.1% during the third 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 during the third quarter worth approximately $73,311,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Down 4.0 %

JD.com stock opened at $40.24 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 1-year low of $21.18 and a 1-year high of $47.82. The company has a market cap of $63.46 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40. The stock’s 50 day moving average price is $38.45 and its 200 day moving average price is $36.45.

Analysts Set New Price Targets

JD has been the topic of several research analyst reports. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Barclays lifted their price target on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup dropped their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Dbs Bank raised JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and a consensus target price of $41.71.

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.