XTX Topco Ltd Has $2.79 Million Stock Position in JD.com, Inc. (NASDAQ:JD)

Key Points

• XTX Topco Ltd significantly increased its stake in JD.com by 140.8% during the first quarter, now owning 67,789 shares valued at approximately $2.79 million.
• JD.com shares are currently trading at $32.22, reflecting a 3.0% decrease, with a market cap of $45 billion and a price-to-earnings ratio of 7.84.
• Analysts' ratings for JD.com are mixed, with a consensus of "Moderate Buy" and a target price of $44, as various firms have recently adjusted their price objectives.

XTX Topco Ltd grew its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 140.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,789 shares of the information services provider's stock after acquiring an additional 39,632 shares during the quarter. XTX Topco Ltd's holdings in JD.com were worth $2,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in JD.com during the fourth quarter worth $270,000. Sei Investments Co. lifted its position in JD.com by 144.6% during the 4th quarter. Sei Investments Co. now owns 89,378 shares of the information services provider's stock worth $3,099,000 after buying an additional 52,843 shares in the last quarter. Norges Bank acquired a new position in JD.com during the 4th quarter worth about $70,130,000. Orion Portfolio Solutions LLC increased its position in JD.com by 32.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 22,053 shares of the information services provider's stock worth $765,000 after purchasing an additional 5,465 shares during the period. Finally, Allianz SE acquired a new stake in JD.com in the fourth quarter worth about $52,000. 15.98% of the stock is owned by institutional investors.

JD.com Stock Down 1.5%

JD.com stock traded down $0.47 during midday trading on Wednesday, reaching $31.75. The stock had a trading volume of 9,154,845 shares, compared to its average volume of 9,466,618. The firm's fifty day simple moving average is $32.75 and its 200-day simple moving average is $36.44. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The stock has a market capitalization of $44.34 billion, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Arete lowered JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research report on Tuesday, June 24th. Wall Street Zen cut JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Citigroup restated a "buy" rating and set a $51.00 target price (down previously from $56.00) on shares of JD.com in a report on Monday, April 28th. Susquehanna reduced their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th. Finally, Macquarie restated a "neutral" rating and set a $35.00 target price on shares of JD.com in a report on Wednesday, April 23rd. Six 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $44.00.

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.