Fisher Asset Management LLC Grows Stock Position in JD.com, Inc. (NASDAQ:JD)

Fisher Asset Management LLC grew its holdings in JD.com, Inc. (NASDAQ:JD) by 9.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,072,599 shares of the information services provider’s stock after purchasing an additional 336,740 shares during the period. Fisher Asset Management LLC owned about 0.26% of JD.com worth $162,904,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atlas Capital Advisors LLC purchased a new stake in JD.com in the second quarter worth $28,000. Huntington National Bank grew its position in shares of 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 buying an additional 452 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of JD.com by 58.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock worth $120,000 after buying an additional 1,102 shares in the last quarter. Blue Trust Inc. grew its position in shares of JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after buying an additional 2,360 shares in the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in shares of JD.com during the 2nd quarter worth $172,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JD. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and dropped their price target for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Benchmark reissued a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a research report on Friday. Barclays raised their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Citigroup dropped their price objective 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. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.36.

JD.com Price Performance

Shares of NASDAQ JD opened at $34.51 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 company has a market cap of $54.43 billion, a PE ratio of 10.92, a P/E/G ratio of 0.29 and a beta of 0.41. The business has a 50-day simple moving average of $38.40 and a two-hundred day simple moving average of $31.66. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

About JD.com

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.