8,395 Shares in JD.com, Inc. (NASDAQ:JD) Acquired by Kathmere Capital Management LLC

Kathmere Capital Management LLC purchased a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,395 shares of the information services provider's stock, valued at approximately $345,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in shares of JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after acquiring an additional 13,170,649 shares during the period. CoreView Capital Management Ltd boosted its stake in JD.com by 204.8% in the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock worth $221,878,000 after purchasing an additional 4,299,872 shares during the period. Temasek Holdings Private Ltd boosted its stake in JD.com by 18.4% in 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 purchasing an additional 718,760 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in JD.com by 14.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 3,801,669 shares of the information services provider's stock worth $156,325,000 after purchasing an additional 487,969 shares during the period. Finally, North of South Capital LLP boosted its stake in JD.com by 14.3% in the 1st quarter. North of South Capital LLP now owns 3,314,174 shares of the information services provider's stock worth $136,279,000 after purchasing an additional 414,366 shares during the period. Institutional investors own 15.98% of the company's stock.

JD.com Price Performance

Shares of NASDAQ JD traded up $1.05 during trading hours on Thursday, reaching $32.69. 12,304,878 shares of the stock traded hands, compared to its average volume of 13,945,403. The company has a market capitalization of $45.66 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 4.14 and a beta of 0.48. The company has a quick ratio of 0.92, a current ratio of 1.26 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 company's 50-day simple moving average is $32.98 and its two-hundred day simple moving average is $36.50.

Analysts Set New Price Targets

Several brokerages have commented on JD. Bank of America cut their target price on JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research note on Monday. Arete Research raised JD.com to a "hold" rating in a report on Tuesday, June 24th. Mizuho lowered their price target on JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Macquarie reaffirmed a "neutral" rating and issued a $35.00 price target on shares of JD.com in a report on Wednesday, April 23rd. Finally, Morgan Stanley lowered their price target on JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.46.

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.