JD.com, Inc. (NASDAQ:JD) Shares Acquired by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd grew its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 112.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,942,624 shares of the information services provider's stock after buying an additional 1,559,749 shares during the period. JD.com accounts for approximately 3.8% of ANTIPODES PARTNERS Ltd's holdings, making the stock its 10th biggest position. ANTIPODES PARTNERS Ltd owned 0.19% of JD.com worth $121,010,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of JD. Quadrant Private Wealth Management LLC boosted its stake in JD.com by 1.7% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 31,397 shares of the information services provider's stock worth $1,291,000 after purchasing an additional 534 shares in the last quarter. Tabor Asset Management LP bought a new position in JD.com in the 1st quarter worth about $1,007,000. Allianz Asset Management GmbH boosted its stake in JD.com by 246.7% in the 1st quarter. Allianz Asset Management GmbH now owns 244,562 shares of the information services provider's stock worth $10,070,000 after purchasing an additional 174,023 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in JD.com by 45.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 574,100 shares of the information services provider's stock worth $23,608,000 after buying an additional 178,600 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in JD.com by 91.1% in the 1st quarter. Private Advisor Group LLC now owns 128,550 shares of the information services provider's stock worth $5,286,000 after buying an additional 61,269 shares during the last quarter. Institutional investors own 15.98% of the company's stock.

JD.com Stock Down 0.9%

Shares of JD.com stock traded down $0.29 during trading on Friday, hitting $33.18. 4,886,047 shares of the stock traded hands, compared to its average volume of 9,475,467. The firm has a market cap of $46.34 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 4.38 and a beta of 0.48. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The stock's fifty day simple moving average is $32.80 and its 200 day simple moving average is $36.45.

Analysts Set New Price Targets

JD has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Morgan Stanley reduced their price target on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Bank of America reduced their price target on shares of JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Benchmark reduced their price target on shares of JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Monday. Six equities research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.00.

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.