Nordea Investment Management AB Grows Stock Position in JD.com, Inc. (NASDAQ:JD)

Nordea Investment Management AB lifted its position in shares of JD.com, Inc. (NASDAQ:JD) by 7.2% during the fourth quarter, HoldingsChannel reports. The firm owned 451,509 shares of the information services provider’s stock after purchasing an additional 30,140 shares during the quarter. Nordea Investment Management AB’s holdings in JD.com were worth $15,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JD. Huntington National Bank increased its holdings in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares during the last quarter. SRN Advisors LLC increased its stake in shares of JD.com by 1.6% in the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock worth $1,288,000 after buying an additional 516 shares during the last quarter. Douglass Winthrop Advisors LLC increased its stake in shares of JD.com by 4.0% in the third quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock worth $849,000 after buying an additional 820 shares during the last quarter. QRG Capital Management Inc. boosted its stake in JD.com by 3.1% during the 3rd quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock valued at $1,172,000 after acquiring an additional 889 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in JD.com by 5.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 17,725 shares of the information services provider’s stock valued at $709,000 after acquiring an additional 952 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Trading Down 0.7 %

JD.com stock opened at $34.72 on Thursday. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $54.76 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.30 and a beta of 0.39. The firm has a 50-day moving average price of $36.69 and a two-hundred day moving average price of $32.92.

Wall Street Analyst Weigh In

JD has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Benchmark reiterated a “buy” rating and issued a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and dropped their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Citigroup decreased their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and an average price target of $41.36.

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.