Mackenzie Financial Corp Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Mackenzie Financial Corp acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,431 shares of the information services provider's stock, valued at approximately $327,000.

Several other institutional investors also recently made changes to their positions in JD. FMR LLC grew its stake in JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after buying an additional 13,170,649 shares during the period. Appaloosa LP lifted its holdings in shares of JD.com by 43.4% during the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. CoreView Capital Management Ltd boosted its position in JD.com by 204.8% during 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 position 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 purchasing an additional 718,760 shares during the period. Finally, Voya Investment Management LLC acquired a new stake in JD.com in the 4th quarter valued at $109,665,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Up 0.1%

JD stock traded up $0.03 during mid-day trading on Friday, hitting $33.12. 8,468,861 shares of the company were exchanged, compared to its average volume of 13,997,517. The firm has a fifty day simple moving average of $34.48 and a 200 day simple moving average of $37.34. The company has a market capitalization of $52.23 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

JD has been the topic of a number of recent research reports. Citigroup restated a "buy" rating and set a $51.00 price objective (down previously from $56.00) on shares of JD.com in a research note on Monday, April 28th. Barclays boosted their price target on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective 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. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Finally, Wall Street Zen downgraded shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.