Handelsbanken Fonder AB Purchases 166,388 Shares of JD.com, Inc. (NASDAQ:JD)

Handelsbanken Fonder AB grew its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 802,895 shares of the information services provider's stock after purchasing an additional 166,388 shares during the period. Handelsbanken Fonder AB owned approximately 0.05% of JD.com worth $33,015,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of JD. Appaloosa LP increased its holdings in JD.com by 43.4% during the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after acquiring an additional 3,165,885 shares during the period. Temasek Holdings Private Ltd increased its holdings in JD.com by 18.4% during 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 period. Van ECK Associates Corp increased its holdings in JD.com by 20.4% during the 4th quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock worth $13,646,000 after acquiring an additional 66,693 shares during the period. Alberta Investment Management Corp increased its holdings in JD.com by 25.4% during the 4th quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock worth $17,492,000 after acquiring an additional 102,326 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in JD.com during the 4th quarter worth approximately $2,363,000. Institutional investors own 15.98% of the company's stock.

JD.com Trading Down 0.4%

Shares of JD.com stock traded down $0.12 during trading on Thursday, reaching $33.61. The company's stock had a trading volume of 5,251,469 shares, compared to its average volume of 13,983,287. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The company has a market cap of $53.01 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 0.31 and a beta of 0.48. The firm's 50-day moving average is $33.96 and its two-hundred day moving average is $37.29. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

JD has been the topic of a number of analyst reports. UBS Group set a $51.00 target price on shares of JD.com in a report on Friday, March 7th. Morgan Stanley set a $39.00 target price on shares of JD.com in a report on Tuesday, May 13th. Barclays boosted their price target on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Macquarie reissued a "neutral" rating and issued a $35.00 price target on shares of JD.com in a research note on Wednesday, April 23rd. Finally, Benchmark cut their price target on shares of JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.33.

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.