Ping Capital Management Inc. Purchases 16,000 Shares of JD.com, Inc. (NASDAQ:JD)

Ping Capital Management Inc. increased its position in JD.com, Inc. (NASDAQ:JD) by 133.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,000 shares of the information services provider’s stock after purchasing an additional 16,000 shares during the period. JD.com accounts for 0.2% of Ping Capital Management Inc.’s portfolio, making the stock its 26th biggest position. Ping Capital Management Inc.’s holdings in JD.com were worth $971,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in JD. FMR LLC raised its stake in 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 buying an additional 4,445,277 shares during the last quarter. Two Sigma Advisers LP boosted its stake in JD.com by 329.9% in 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 purchasing an additional 4,839,700 shares in the last quarter. Fisher Asset Management LLC grew its position in JD.com by 9.0% during 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 purchasing an additional 336,740 shares during the last quarter. Point72 Asset Management L.P. increased its stake in JD.com by 117.1% during the 3rd 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 purchasing an additional 2,175,568 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. raised its holdings in 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 buying an additional 200,200 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on JD shares. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $46.00 in a research report on Monday, December 9th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Barclays raised their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Price Performance

JD stock opened at $41.16 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 12 month low of $21.18 and a 12 month high of $47.82. The stock has a market cap of $64.91 billion, a PE ratio of 13.03, a P/E/G ratio of 0.30 and a beta of 0.40. The company has a 50-day moving average price of $37.04 and a 200 day moving average price of $34.38.

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.