Zweig DiMenna Associates LLC Makes New $8.17 Million Investment in JD.com, Inc. (NASDAQ:JD)

Key Points

• Zweig DiMenna Associates LLC purchased 198,600 shares of JD.com, valued at approximately $8.17 million, making it the firm's 28th largest position.
• Several institutional investors, including FMR LLC and CoreView Capital Management Ltd, have significantly increased their holdings in JD.com during the fourth quarter.
• JD.com’s stock currently holds an average rating of "Moderate Buy" from analysts, with an average price target of $44.00.

Zweig DiMenna Associates LLC acquired a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 198,600 shares of the information services provider's stock, valued at approximately $8,166,000. JD.com accounts for about 1.3% of Zweig DiMenna Associates LLC's investment portfolio, making the stock its 28th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its position in JD.com by 5.9% during the 1st quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock worth $223,000 after purchasing an additional 304 shares during the period. Farther Finance Advisors LLC increased its position in JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after purchasing an additional 308 shares during the period. Lakeshore Capital Group Inc. increased its position in JD.com by 2.4% during the 1st quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock worth $556,000 after purchasing an additional 322 shares during the period. Compagnie Lombard Odier SCmA increased its position in JD.com by 21.4% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider's stock worth $93,000 after purchasing an additional 400 shares during the period. Finally, Rehmann Capital Advisory Group increased its position in JD.com by 7.7% during the 1st quarter. Rehmann Capital Advisory Group now owns 6,597 shares of the information services provider's stock worth $271,000 after purchasing an additional 474 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on JD. Morgan Stanley lowered their price target 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. Citigroup restated a "buy" rating and issued a $51.00 price target (down previously from $56.00) on shares of JD.com in a report on Monday, April 28th. Macquarie restated a "neutral" rating and issued a $35.00 price target on shares of JD.com in a report on Wednesday, April 23rd. Mizuho lowered their price target on JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Finally, Benchmark lowered their price target on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Six research 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. Based on data from MarketBeat, JD.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.00.

JD.com Price Performance

NASDAQ:JD traded down $0.29 during trading hours on Friday, reaching $33.18. 4,886,047 shares of the company traded hands, compared to its average volume of 9,475,467. The firm's 50-day moving average is $32.80 and its 200-day moving average is $36.46. The stock has a market cap of $46.34 billion, a P/E ratio of 8.07, a P/E/G ratio of 4.34 and a beta of 0.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. JD.com, Inc. has a 1-year low of $24.13 and a 1-year 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.