KBC Group NV Has $12.34 Million Stock Position in JD.com, Inc. (NASDAQ:JD)

KBC Group NV boosted its holdings in JD.com, Inc. (NASDAQ:JD) by 213.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 356,019 shares of the information services provider’s stock after buying an additional 242,409 shares during the quarter. KBC Group NV’s holdings in JD.com were worth $12,343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after purchasing an additional 4,445,277 shares in the last quarter. Two Sigma Advisers LP grew its holdings in JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after acquiring an additional 4,839,700 shares during the last quarter. Fisher Asset Management LLC increased its position in JD.com by 9.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock valued at $162,904,000 after acquiring an additional 336,740 shares during the period. Point72 Asset Management L.P. raised its stake in shares of JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after acquiring an additional 2,175,568 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. grew its stake in shares of JD.com by 5.9% in 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 purchasing an additional 200,200 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Trading Down 2.0 %

NASDAQ JD opened at $40.26 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 52 week low of $21.18 and a 52 week high of $47.82. The business has a 50 day moving average price of $36.57 and a 200-day moving average price of $33.99. The company has a market cap of $63.49 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 0.29 and a beta of 0.39.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com raised JD.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Barclays lifted their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and lowered their price target for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Finally, Benchmark restated a “buy” rating and issued a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com 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.