Myriad Asset Management US LP Invests $2.60 Million in JD.com, Inc. (NASDAQ:JD)

Myriad Asset Management US LP acquired a new position in JD.com, Inc. (NASDAQ:JD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 63,186 shares of the information services provider's stock, valued at approximately $2,598,000. JD.com accounts for approximately 1.1% of Myriad Asset Management US LP's investment portfolio, making the stock its 13th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC increased its position in JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after buying an additional 13,170,649 shares during the period. CoreView Capital Management Ltd increased its holdings in shares of JD.com by 204.8% in the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock worth $221,878,000 after acquiring an additional 4,299,872 shares during the period. Appaloosa LP lifted its position in JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after purchasing an additional 3,165,885 shares during the last quarter. Voya Investment Management LLC acquired a new position in shares of JD.com during the fourth quarter worth approximately $109,665,000. Finally, Aspex Management HK Ltd acquired a new position in shares of JD.com during the fourth quarter valued at $93,562,000. Institutional investors own 15.98% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Bank of America dropped their target price on shares of JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen lowered JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Barclays increased their price target on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. UBS Group set a $51.00 price target on shares of JD.com in a research report on Friday, March 7th. Finally, Morgan Stanley set a $39.00 target price on shares of JD.com in a research note on Tuesday, May 13th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.33.

JD.com Trading Down 0.7%

JD stock traded down $0.24 during midday trading on Thursday, hitting $33.09. 10,136,171 shares of the company's stock were exchanged, compared to its average volume of 13,997,732. JD.com, Inc. has a one year low of $24.13 and a one year 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. The company has a market cap of $52.19 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. The stock's fifty day moving average price is $34.64 and its 200-day moving average price is $37.35.

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.