Fluent Financial LLC grew its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 206.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,513 shares of the information services provider's stock after purchasing an additional 51,521 shares during the period. JD.com makes up 1.4% of Fluent Financial LLC's portfolio, making the stock its 20th biggest position. Fluent Financial LLC's holdings in JD.com were worth $3,146,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. FMR LLC raised its holdings in shares of JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after acquiring an additional 13,170,649 shares in the last quarter. Appaloosa LP grew its position 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 purchasing an additional 3,165,885 shares during the last quarter. CoreView Capital Management Ltd grew its position in JD.com by 204.8% during the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock worth $221,878,000 after buying an additional 4,299,872 shares in the last quarter. Temasek Holdings Private Ltd grew its position in 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 buying an additional 718,760 shares in the last quarter. Finally, Voya Investment Management LLC acquired a new stake in JD.com during the fourth quarter worth about $109,665,000. Hedge funds and other institutional investors own 15.98% of the company's stock.
JD.com Stock Up 0.1%
NASDAQ JD traded up $0.03 on Friday, reaching $33.12. The company had a trading volume of 8,469,586 shares, compared to its average volume of 14,024,214. The firm has a market capitalization of $52.23 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.31 and a beta of 0.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The company's fifty day moving average is $34.32 and its 200-day moving average is $37.35.
Analyst Ratings Changes
JD has been the topic of a number of recent research reports. Benchmark decreased their price objective on JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Citigroup reiterated a "buy" rating and set a $51.00 target price (down previously from $56.00) on shares of JD.com in a research report on Monday, April 28th. Finally, UBS Group set a $51.00 target price on shares of JD.com in a research report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.33.
Check Out Our Latest Report on JD.com
About JD.com
(
Free Report)
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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