31,123 Shares in JD.com, Inc. (NASDAQ:JD) Purchased by Tabor Asset Management LP

Tabor Asset Management LP bought a new position in JD.com, Inc. (NASDAQ:JD) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 31,123 shares of the information services provider’s stock, valued at approximately $1,245,000.

A number of other large investors have also made changes to their positions in the stock. Soros Fund Management LLC raised its position in JD.com by 114.1% during the third quarter. Soros Fund Management LLC now owns 2,730,000 shares of the information services provider’s stock worth $109,200,000 after acquiring an additional 1,455,000 shares during the last quarter. Stifel Financial Corp raised its position in shares of JD.com by 35.9% in the third quarter. Stifel Financial Corp now owns 174,512 shares of the information services provider’s stock valued at $6,981,000 after buying an additional 46,130 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of JD.com by 20.2% during the third quarter. Quantinno Capital Management LP now owns 16,105 shares of the information services provider’s stock valued at $644,000 after buying an additional 2,712 shares during the period. Pinpoint Asset Management Ltd acquired a new stake in JD.com during the third quarter worth approximately $13,332,000. Finally, Point72 Asset Management L.P. grew its stake in JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after acquiring an additional 2,175,568 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein decreased their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Citigroup reduced their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Susquehanna restated a “neutral” rating and set a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, JD.com has an average rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Stock Up 1.9 %

JD.com stock opened at $36.41 on Friday. The firm has a market capitalization of $57.42 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.30 and a beta of 0.38. The company has a 50-day simple moving average of $39.36 and a 200-day simple moving average of $31.86. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

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.