Eos Management L.P. Raises Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Eos Management L.P. increased its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 79.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 52,888 shares of the information services provider's stock after purchasing an additional 23,497 shares during the quarter. JD.com accounts for 1.0% of Eos Management L.P.'s holdings, making the stock its 26th biggest holding. Eos Management L.P.'s holdings in JD.com were worth $2,175,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of JD. Temasek Holdings Private Ltd lifted its holdings in shares of JD.com by 18.4% in the 4th quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock worth $160,366,000 after acquiring an additional 718,760 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in JD.com by 1,724.9% during the 1st quarter. Principal Financial Group Inc. now owns 694,199 shares of the information services provider's stock valued at $28,545,000 after acquiring an additional 656,158 shares during the period. Spire Wealth Management boosted its holdings in JD.com by 706.6% during the 1st 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 during the period. Matthews International Capital Management LLC boosted its holdings in JD.com by 974.5% during the 1st 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 during the period. Finally, Raymond James Financial Inc. purchased a new position in JD.com during the 4th quarter valued at $2,363,000. Institutional investors own 15.98% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on JD shares. Citigroup reiterated a "buy" rating and issued a $51.00 target price (down from $56.00) on shares of JD.com in a report on Monday, April 28th. Morgan Stanley lowered their target price on JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a report on Thursday. Susquehanna lowered 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. Arete Research upgraded JD.com to a "hold" rating in a report on Tuesday, June 24th. Finally, Bank of America lowered their target price on JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a report on Monday. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $44.46.

JD.com Stock Performance

JD.com stock traded down $0.30 during trading hours on Monday, hitting $30.80. 8,416,802 shares of the stock traded hands, compared to its average volume of 13,907,214. The stock has a market capitalization of $43.02 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 1.12 and a beta of 0.48. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The firm's 50 day moving average price is $33.15 and its 200-day moving average price is $36.60. 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 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.