Caxton Associates LLP Buys New Shares in JD.com, Inc. $JD

Key Points

• Caxton Associates LLP acquired a new stake in JD.com, buying 15,933 shares valued at approximately $655,000 in the first quarter.
• Other institutional investors, such as Canada Pension Plan Investment Board and Cerity Partners LLC, also increased their stakes in JD.com significantly during the same period.
• Shares of JD.com are currently trading at $34.40, with a market cap of $48.04 billion and an average rating of "Moderate Buy" among analysts.

Caxton Associates LLP bought a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,933 shares of the information services provider's stock, valued at approximately $655,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC grew its stake in shares of JD.com by 33.1% during the first quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider's stock worth $1,092,000 after purchasing an additional 6,611 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of JD.com during the first quarter worth $1,900,000. Temasek Holdings Private Ltd grew its stake in shares of JD.com by 18.4% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock worth $160,366,000 after purchasing an additional 718,760 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of JD.com by 483.2% during the first quarter. Canada Pension Plan Investment Board now owns 1,101,100 shares of the information services provider's stock worth $45,277,000 after purchasing an additional 912,300 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of JD.com by 45.0% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 38,878 shares of the information services provider's stock worth $1,608,000 after purchasing an additional 12,071 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Price Performance

Shares of JD opened at $34.40 on Friday. The firm has a fifty day moving average price of $32.00 and a 200 day moving average price of $34.74. JD.com, Inc. has a 1-year low of $26.12 and a 1-year high of $47.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. The stock has a market cap of $48.04 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 3.74 and a beta of 0.36.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JD shares. Arete downgraded shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Tuesday, June 24th. Zacks Research upgraded shares of JD.com from a "strong sell" rating to a "hold" rating in a research note on Monday. Citigroup started coverage on shares of JD.com in a research report on Monday, August 11th. They issued a "buy" rating and a $42.00 price target for the company. Wall Street Zen cut shares of JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Bank of America reduced their price target on shares of JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $43.31.

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.

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