Tabor Asset Management LP Invests $1.01 Million in JD.com, Inc. (NASDAQ:JD)

Tabor Asset Management LP bought a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,488 shares of the information services provider's stock, valued at approximately $1,007,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC lifted its stake in shares of JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after acquiring an additional 13,170,649 shares during the period. CoreView Capital Management Ltd lifted its stake in JD.com by 204.8% in the fourth 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. Temasek Holdings Private Ltd lifted its stake in JD.com by 18.4% in the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after buying an additional 718,760 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in JD.com by 14.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 3,801,669 shares of the information services provider's stock worth $156,325,000 after buying an additional 487,969 shares in the last quarter. Finally, North of South Capital LLP grew its holdings in JD.com by 14.3% during the first quarter. North of South Capital LLP now owns 3,314,174 shares of the information services provider's stock worth $136,279,000 after buying an additional 414,366 shares in the last quarter. Institutional investors own 15.98% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on JD. JPMorgan Chase & Co. reduced their price objective on JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Morgan Stanley dropped their target price on JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Arete Research raised JD.com to a "hold" rating in a report on Tuesday, June 24th. Wall Street Zen downgraded JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Bank of America decreased their target price on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. Six 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $44.00.

JD.com Price Performance

JD traded down $0.58 on Thursday, hitting $33.36. 4,894,270 shares of the stock were exchanged, compared to its average volume of 12,771,919. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The business has a 50-day moving average of $32.82 and a two-hundred day moving average of $36.47. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. The firm has a market capitalization of $46.59 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 4.43 and a beta of 0.48.

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.