Employees Retirement System of Texas raised its position in JD.Com Inc (NASDAQ:JD) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 333,634 shares of the information services provider’s stock after purchasing an additional 48,464 shares during the quarter. Employees Retirement System of Texas’ holdings in JD.Com were worth $6,983,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of JD.Com by 8.1% during the 4th quarter. BlackRock Inc. now owns 35,200,026 shares of the information services provider’s stock valued at $736,736,000 after acquiring an additional 2,650,221 shares during the period. Dodge & Cox increased its position in shares of JD.Com by 20.2% during the third quarter. Dodge & Cox now owns 31,986,772 shares of the information services provider’s stock worth $834,535,000 after acquiring an additional 5,382,080 shares in the last quarter. Vanguard Group Inc increased its position in shares of JD.Com by 2.4% during the third quarter. Vanguard Group Inc now owns 27,469,471 shares of the information services provider’s stock worth $716,678,000 after acquiring an additional 649,113 shares in the last quarter. Fisher Asset Management LLC increased its holdings in JD.Com by 6.2% during the 4th quarter. Fisher Asset Management LLC now owns 11,052,559 shares of the information services provider’s stock worth $231,330,000 after purchasing an additional 640,511 shares in the last quarter. Finally, First Pacific Advisors LP raised its stake in shares of JD.Com by 454.8% in the third quarter. First Pacific Advisors LP now owns 9,369,029 shares of the information services provider’s stock worth $244,438,000 after purchasing an additional 7,680,288 shares during the last quarter. Hedge funds and other institutional investors own 47.11% of the company’s stock.
JD stock opened at $27.89 on Friday. JD.Com Inc has a fifty-two week low of $19.21 and a fifty-two week high of $45.48. The firm has a market cap of $33.58 billion, a PE ratio of -929.67 and a beta of 1.31. The company has a quick ratio of 0.50, a current ratio of 0.87 and a debt-to-equity ratio of 0.16.
Several research firms recently weighed in on JD. UBS Group cut shares of JD.Com from a “buy” rating to a “neutral” rating in a report on Thursday, January 31st. ValuEngine raised shares of JD.Com from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Sanford C. Bernstein reaffirmed a “mkt perform” rating on shares of JD.Com in a report on Monday, January 14th. Macquarie set a $22.00 target price on JD.Com and gave the company a “hold” rating in a research report on Friday, January 25th. Finally, BidaskClub upgraded JD.Com from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 5th. Fourteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.19.
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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