Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of JD.Com Inc (NASDAQ:JD) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,696 shares of the information services provider’s stock after purchasing an additional 4,680 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in JD.Com were worth $4,338,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bessemer Group Inc. acquired a new stake in shares of JD.Com in the third quarter valued at about $101,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of JD.Com in the fourth quarter valued at about $135,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of JD.Com by 58.3% in the fourth quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 3,800 shares of the information services provider’s stock valued at $157,000 after buying an additional 1,400 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in shares of JD.Com in the fourth quarter valued at about $166,000. Finally, Advisor Group Inc. raised its position in shares of JD.Com by 253.0% in the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock valued at $154,000 after buying an additional 2,907 shares during the last quarter. 44.31% of the stock is currently owned by institutional investors and hedge funds.
JD.Com Inc (JD) opened at $42.93 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12. The firm has a market cap of $60,162.48, a PE ratio of -390.24 and a beta of 1.52. JD.Com Inc has a 12 month low of $28.76 and a 12 month high of $50.68.
A number of brokerages have recently commented on JD. Vetr upgraded shares of JD.Com from a “hold” rating to a “buy” rating and set a $51.92 target price for the company in a research report on Tuesday, January 30th. Sanford C. Bernstein restated a “market perform” rating and set a $47.00 price objective (up from $40.00) on shares of JD.Com in a research report on Wednesday, January 31st. KeyCorp raised their price objective on shares of JD.Com from $51.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Zacks Investment Research cut shares of JD.Com from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, BidaskClub upgraded shares of JD.Com from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $48.52.
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JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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