JD.com, Inc. (NASDAQ:JD) Shares Bought by Matthews International Capital Management LLC

Matthews International Capital Management LLC boosted its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 974.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,931 shares of the information services provider's stock after purchasing an additional 103,328 shares during the period. JD.com makes up 1.0% of Matthews International Capital Management LLC's holdings, making the stock its 21st biggest holding. Matthews International Capital Management LLC's holdings in JD.com were worth $4,685,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in shares of JD.com by 86.2% in the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after acquiring an additional 13,170,649 shares during the period. CoreView Capital Management Ltd increased its stake 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 buying an additional 4,299,872 shares during the period. Appaloosa LP increased its stake 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 buying an additional 3,165,885 shares during the period. Voya Investment Management LLC purchased a new stake in JD.com during the 4th quarter worth approximately $109,665,000. Finally, Aspex Management HK Ltd purchased a new stake in JD.com during the 4th quarter worth approximately $93,562,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of JD traded down $1.06 on Friday, reaching $31.44. The stock had a trading volume of 16,256,997 shares, compared to its average volume of 13,997,385. The firm has a market capitalization of $49.58 billion, a PE ratio of 7.65, a PEG ratio of 1.06 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. The firm has a 50-day moving average of $33.72 and a 200 day moving average of $37.12. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82.

Wall Street Analyst Weigh In

Several research firms have commented on JD. Benchmark lowered their price target on shares of JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a report on Friday, March 7th. Macquarie restated a "neutral" rating and issued a $35.00 target price on shares of JD.com in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased 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 note on Tuesday, May 27th. Finally, Susquehanna decreased their price target on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, May 15th. Three equities research 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.33.

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.