Alpine Global Management LLC Invests $1.74 Million in JD.com, Inc. $JD

Key Points

• Alpine Global Management invested approximately $1.74 million in JD.com by acquiring 42,200 shares in the first quarter.
• Several large investors, including Canada Pension Plan Investment Board, significantly increased their holdings in JD.com, with a reported increase of 483.2% in their ownership.
• JD.com's stock is currently trading at $31.07, having a market capitalization of $43.39 billion and a consensus price target of $43.31 from analysts.

Alpine Global Management LLC bought a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 42,200 shares of the information services provider's stock, valued at approximately $1,735,000.

Several other large investors have also bought and sold shares of the business. Long Focus Capital Management LLC lifted its holdings in JD.com by 39.2% in the first quarter. Long Focus Capital Management LLC now owns 398,380 shares of the information services provider's stock valued at $16,381,000 after buying an additional 112,180 shares during the period. Vident Advisory LLC lifted its holdings in JD.com by 32.2% in the first quarter. Vident Advisory LLC now owns 14,553 shares of the information services provider's stock valued at $598,000 after buying an additional 3,548 shares during the period. Canada Pension Plan Investment Board lifted its holdings in JD.com by 483.2% in the first quarter. Canada Pension Plan Investment Board now owns 1,101,100 shares of the information services provider's stock valued at $45,277,000 after buying an additional 912,300 shares during the period. Trexquant Investment LP acquired a new position in JD.com in the first quarter valued at approximately $8,918,000. Finally, Beck Bode LLC acquired a new position in JD.com in the first quarter valued at approximately $14,300,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Up 2.2%

Shares of JD stock opened at $31.07 on Friday. The firm has a fifty day moving average of $32.05 and a 200-day moving average of $35.21. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a 12-month low of $25.61 and a 12-month high of $47.82. The company has a market capitalization of $43.39 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 3.53 and a beta of 0.46.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Bank of America cut their target price on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, July 14th. Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Citigroup assumed coverage on shares of JD.com in a report on Monday, August 11th. They issued a "buy" rating and a $42.00 target price on the stock. Morgan Stanley cut their target price on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Finally, Arete Research lowered shares of JD.com from a "hold" rating to a "strong sell" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, JD.com has an average rating of "Moderate Buy" and a consensus price target of $43.31.

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.

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