GF Fund Management CO. LTD. Takes $531,000 Position in JD.com, Inc. (NASDAQ:JD)

GF Fund Management CO. LTD. bought a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,903 shares of the information services provider's stock, valued at approximately $531,000.

Several other hedge funds have also recently made changes to their positions in JD. FMR LLC grew its position in shares of JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after purchasing 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 in the last quarter. CoreView Capital Management Ltd grew its position in shares of JD.com by 204.8% in the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock valued at $221,878,000 after purchasing an additional 4,299,872 shares in the last quarter. Temasek Holdings Private Ltd grew its position in shares of JD.com by 18.4% in the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after purchasing an additional 718,760 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of JD.com by 14.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 3,801,669 shares of the information services provider's stock valued at $156,325,000 after purchasing an additional 487,969 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

JD.com Price Performance

JD stock traded down $0.41 during mid-day trading on Friday, hitting $32.07. 5,948,477 shares of the stock were exchanged, compared to its average volume of 13,973,076. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. The business has a fifty day moving average price of $33.29 and a 200 day moving average price of $36.75. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The stock has a market capitalization of $50.57 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 1.15 and a beta of 0.48.

Analyst Upgrades and Downgrades

JD has been the subject of several recent research reports. Wall Street Zen cut JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Mizuho reduced their price target on JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. Susquehanna reduced their price target 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. 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. Finally, Macquarie restated a "neutral" rating and set a $35.00 target price on shares of JD.com in a research report on Wednesday, April 23rd. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.23.

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.