Matthews International Capital Management LLC Has $4.69 Million Holdings in JD.com, Inc. (NASDAQ:JD)

Matthews International Capital Management LLC boosted its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 974.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 113,931 shares of the information services provider's stock after purchasing an additional 103,328 shares during the quarter. JD.com comprises 1.0% of Matthews International Capital Management LLC's holdings, making the stock its 21st biggest position. Matthews International Capital Management LLC's holdings in JD.com were worth $4,685,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Appaloosa LP raised its stake in shares of JD.com by 43.4% during the fourth 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 last quarter. Temasek Holdings Private Ltd raised its position in shares of 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 valued at $160,366,000 after acquiring an additional 718,760 shares during the last quarter. Alberta Investment Management Corp lifted its stake in shares of JD.com by 25.4% in the 4th quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock valued at $17,492,000 after purchasing an additional 102,326 shares during the period. Raymond James Financial Inc. bought a new position in shares of JD.com in the 4th quarter worth $2,363,000. Finally, Myriad Asset Management US LP bought a new position in shares of JD.com in the 1st quarter worth $2,598,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Macquarie restated a "neutral" rating and set a $35.00 price objective on shares of JD.com in a report on Wednesday, April 23rd. Mizuho cut their target price on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Citigroup reissued a "buy" rating and set a $51.00 price target (down from $56.00) on shares of JD.com in a research report on Monday, April 28th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Three 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.33.

JD.com Stock Performance

JD.com stock traded down $0.67 during midday trading on Thursday, reaching $32.50. 9,951,822 shares of the company's stock were exchanged, compared to its average volume of 13,964,853. The stock's 50-day simple moving average is $33.88 and its 200 day simple moving average is $37.19. The firm has a market cap of $51.26 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 1.12 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. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82.

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.