China Universal Asset Management Co. Ltd. Invests $1.71 Million in JD.com, Inc. (NASDAQ:JD)

China Universal Asset Management Co. Ltd. purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 41,500 shares of the information services provider's stock, valued at approximately $1,706,000.

Several other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in JD.com by 5.9% in the 1st quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock worth $223,000 after purchasing an additional 304 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock valued at $66,000 after acquiring an additional 308 shares during the last quarter. Lakeshore Capital Group Inc. increased its holdings in shares of JD.com by 2.4% during the 1st quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock valued at $556,000 after acquiring an additional 322 shares during the last quarter. Compagnie Lombard Odier SCmA increased its holdings in shares of JD.com by 21.4% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider's stock valued at $93,000 after acquiring an additional 400 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of JD.com by 4.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock valued at $353,000 after acquiring an additional 436 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on JD shares. Macquarie restated a "neutral" rating and set a $35.00 target price on shares of JD.com in a research note on Wednesday, April 23rd. Susquehanna dropped their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, May 15th. Wall Street Zen cut JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Mizuho dropped their target price on JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Finally, Arete cut JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Tuesday, June 24th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.23.

JD.com Trading Up 2.1%

Shares of NASDAQ JD traded up $0.68 during midday trading on Tuesday, hitting $32.70. The stock had a trading volume of 8,180,305 shares, compared to its average volume of 13,921,341. The company's 50-day simple moving average is $33.28 and its 200 day simple moving average is $36.73. The firm has a market cap of $51.57 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 1.15 and a beta of 0.48. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92.

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.