Gateway Investment Advisers LLC Grows Stake in JD.com, Inc. (NASDAQ:JD)

Gateway Investment Advisers LLC lifted its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 223.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,923 shares of the information services provider's stock after buying an additional 17,220 shares during the period. Gateway Investment Advisers LLC's holdings in JD.com were worth $1,025,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in JD.com by 111.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after purchasing an additional 684 shares during the last quarter. GeoWealth Management LLC boosted its position in JD.com by 129.1% in the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after purchasing an additional 785 shares during the last quarter. WASHINGTON TRUST Co purchased a new position in JD.com in the fourth quarter worth $52,000. Allianz SE purchased a new position in JD.com in the fourth quarter worth $52,000. Finally, Compagnie Lombard Odier SCmA raised its stake in shares of JD.com by 57.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,868 shares of the information services provider's stock valued at $65,000 after buying an additional 678 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on JD shares. Macquarie reiterated a "neutral" rating and set a $35.00 price objective on shares of JD.com in a research note on Wednesday, April 23rd. Citigroup restated a "buy" rating and set a $51.00 target price (down from $56.00) on shares of JD.com in a research report on Monday, April 28th. Dbs Bank upgraded JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Susquehanna reduced their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. reduced their target price on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.33.

JD.com Trading Down 0.2%

JD stock traded down $0.06 during trading on Wednesday, hitting $33.73. 6,780,404 shares of the company traded hands, compared to its average volume of 14,011,415. The firm has a market capitalization of $53.20 billion, a PE ratio of 10.67, a P/E/G ratio of 0.31 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 company has a 50-day moving average of $33.99 and a 200-day moving average of $37.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

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.