TT International Asset Management LTD Acquires 174,801 Shares of JD.com, Inc. (NASDAQ:JD)

TT International Asset Management LTD raised its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 112.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 330,714 shares of the information services provider's stock after purchasing an additional 174,801 shares during the quarter. JD.com makes up approximately 2.0% of TT International Asset Management LTD's portfolio, making the stock its 14th largest holding. TT International Asset Management LTD's holdings in JD.com were worth $13,599,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in JD.com by 1.7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock valued at $561,000 after purchasing an additional 265 shares during the last quarter. Parallel Advisors LLC lifted its holdings in JD.com by 5.9% during the first quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock valued at $223,000 after purchasing an additional 304 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in JD.com by 23.7% during the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock valued at $66,000 after purchasing an additional 308 shares during the last quarter. Lakeshore Capital Group Inc. lifted its holdings in shares of JD.com by 2.4% in the first quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock worth $556,000 after buying an additional 322 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. lifted its holdings in shares of JD.com by 4.5% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock worth $271,000 after buying an additional 334 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Price Performance

NASDAQ JD traded down $1.06 on Friday, reaching $31.44. 16,256,997 shares of the company's stock traded hands, compared to its average volume of 13,984,193. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. 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 stock has a 50-day simple moving average of $33.72 and a 200 day simple moving average of $37.11. The stock has a market cap of $49.58 billion, a PE ratio of 7.65, a P/E/G ratio of 1.10 and a beta of 0.48.

Wall Street Analyst Weigh In

JD has been the topic of a number of recent analyst reports. Bank of America lowered their price target on shares of JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Citigroup reissued a "buy" rating and issued a $51.00 price target (down from $56.00) on shares of JD.com in a report on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. Susquehanna lowered their price target on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th. Finally, Benchmark lowered their price target on shares of JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $46.33.

About JD.com

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.