Todd Asset Management LLC Purchases 1,929 Shares of JD.com, Inc. (NASDAQ:JD)

Todd Asset Management LLC raised its position in JD.com, Inc. (NASDAQ:JD) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 651,382 shares of the information services provider’s stock after buying an additional 1,929 shares during the quarter. Todd Asset Management LLC’s holdings in JD.com were worth $22,583,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JD. Citigroup Inc. lifted its stake in JD.com by 9.9% in the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after purchasing an additional 36,096 shares during the last quarter. Maple Rock Capital Partners Inc. increased its holdings in shares of JD.com by 5.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after buying an additional 200,200 shares in the last quarter. KBC Group NV lifted its stake in shares of JD.com by 213.4% in the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock valued at $12,343,000 after acquiring an additional 242,409 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of JD.com by 65,089.6% during the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after acquiring an additional 2,211,095 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. bought a new stake in JD.com during the 3rd quarter worth $740,000. 15.98% of the stock is owned by institutional investors.

JD.com Trading Down 7.3 %

Shares of JD.com stock opened at $39.31 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a market capitalization of $62.00 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.31 and a beta of 0.40. JD.com, Inc. has a 52-week low of $21.18 and a 52-week high of $47.82. The stock’s 50-day simple moving average is $37.94 and its 200 day simple moving average is $35.91.

Analyst Ratings Changes

Several research analysts have recently issued reports on JD shares. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and upped their price target for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Citigroup reduced their price target on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Dbs Bank upgraded JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus 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.