JD.com, Inc. (NASDAQ:JD) is Polunin Capital Partners Ltd's 2nd Largest Position

Polunin Capital Partners Ltd decreased its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,002,109 shares of the information services provider's stock after selling 22,408 shares during the quarter. JD.com makes up 13.9% of Polunin Capital Partners Ltd's portfolio, making the stock its 2nd largest position. Polunin Capital Partners Ltd owned 0.13% of JD.com worth $82,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Appaloosa LP raised its stake 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 worth $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. Temasek Holdings Private Ltd boosted its holdings in JD.com by 18.4% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock worth $160,366,000 after buying an additional 718,760 shares in the last quarter. Van ECK Associates Corp raised its position in JD.com by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock worth $13,646,000 after acquiring an additional 66,693 shares during the period. Alberta Investment Management Corp raised its position in JD.com by 25.4% during the fourth quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock worth $17,492,000 after acquiring an additional 102,326 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in JD.com during the fourth quarter worth $2,363,000. Institutional investors own 15.98% of the company's stock.

JD.com Stock Down 0.1%

JD.com stock traded down $0.04 during trading on Thursday, reaching $33.29. The stock had a trading volume of 6,561,946 shares, compared to its average volume of 13,984,311. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The business has a 50 day moving average price of $34.64 and a 200 day moving average price of $37.35. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a market cap of $52.50 billion, a PE ratio of 10.53, a P/E/G ratio of 0.31 and a beta of 0.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JD shares. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Bank of America reduced their target price on shares of JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Barclays increased their target price on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Susquehanna reduced their target price on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Finally, Macquarie reiterated a "neutral" rating and issued a $35.00 target price on shares of JD.com in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.