RD Finance Ltd Purchases New Shares in JD.com, Inc. (NASDAQ:JD)

Key Points

• RD Finance Ltd has acquired a new stake in JD.com, purchasing 25,940 shares valued at approximately $1,067,000, which represents 0.9% of its investment portfolio.
• Institutional investors own 15.98% of JD.com, with notable boosts in holdings from FMR LLC (up 86.2%) and CoreView Capital Management Ltd (up 204.8%) in the last quarter.
• JD.com has recently received various ratings from analysts, including downgrades from Wall Street Zen and a decrease in price targets, leading to an average rating of "Moderate Buy" with a target price of $44.00.

RD Finance Ltd purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 25,940 shares of the information services provider's stock, valued at approximately $1,067,000. JD.com makes up 0.9% of RD Finance Ltd's investment portfolio, making the stock its 21st largest position.

Several other hedge funds also recently added to or reduced their stakes in JD. FMR LLC boosted its holdings 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 buying an additional 13,170,649 shares during the period. CoreView Capital Management Ltd boosted its holdings in shares of 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 valued at $221,878,000 after buying an additional 4,299,872 shares during the period. Voya Investment Management LLC acquired a new position in shares of JD.com in the 4th quarter valued at about $109,665,000. Aspex Management HK Ltd acquired a new position in shares of JD.com in the 4th quarter valued at about $93,562,000. Finally, Norges Bank acquired a new position in shares of JD.com in the 4th quarter valued at about $70,130,000. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Up 0.1%

JD stock opened at $33.22 on Tuesday. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82. The company has a market capitalization of $46.40 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The firm's 50-day moving average is $32.79 and its two-hundred day moving average is $36.47. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18.

Wall Street Analyst Weigh In

JD has been the subject of several research reports. Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. 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 report on Thursday, May 15th. Bank of America cut their price objective on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. JPMorgan Chase & Co. cut their price objective on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Finally, Citigroup reiterated a "buy" rating and issued a $51.00 price objective (down from $56.00) on shares of JD.com in a research report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $44.00.

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.

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