Banque Pictet & Cie SA Takes Position in JD.com, Inc. (NASDAQ:JD)

Banque Pictet & Cie SA acquired a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,400 shares of the information services provider's stock, valued at approximately $1,127,000.

Several other large investors also recently modified their holdings of the stock. Appaloosa LP grew its stake in shares of JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. Temasek Holdings Private Ltd grew its stake in shares of JD.com by 18.4% in the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after acquiring an additional 718,760 shares in the last quarter. Spire Wealth Management grew its stake in shares of JD.com by 706.6% in the first quarter. Spire Wealth Management now owns 8,985 shares of the information services provider's stock valued at $369,000 after acquiring an additional 7,871 shares in the last quarter. Matthews International Capital Management LLC grew its stake in shares of JD.com by 974.5% in the first quarter. Matthews International Capital Management LLC now owns 113,931 shares of the information services provider's stock valued at $4,685,000 after acquiring an additional 103,328 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in JD.com during the fourth quarter worth about $2,363,000. 15.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

JD has been the topic of a number of analyst reports. Susquehanna reduced their price objective on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, May 15th. JPMorgan Chase & Co. reduced their price objective on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Arete Research upgraded shares of JD.com to a "hold" rating in a research note on Tuesday, June 24th. Morgan Stanley reduced their price target on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday. Finally, Macquarie restated a "neutral" rating and issued a $35.00 price target on shares of JD.com in a research note on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $45.31.

JD.com Trading Down 1.2%

NASDAQ:JD traded down $0.38 during mid-day trading on Thursday, hitting $31.22. 10,054,661 shares of the company's stock were exchanged, compared to its average volume of 13,980,405. The company has a 50 day simple moving average of $33.25 and a 200-day simple moving average of $36.67. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The firm has a market capitalization of $49.24 billion, a P/E ratio of 7.60, a PEG ratio of 1.18 and a beta of 0.48.

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.