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

Ping Capital Management Inc. boosted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 133.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,000 shares of the information services provider’s stock after acquiring an additional 16,000 shares during the period. JD.com comprises about 0.2% of Ping Capital Management Inc.’s portfolio, making the stock its 26th largest position. Ping Capital Management Inc.’s holdings in JD.com were worth $971,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Two Sigma Advisers LP boosted its stake in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after acquiring an additional 4,839,700 shares in the last quarter. FMR LLC grew its stake in JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after buying an additional 4,445,277 shares during the last quarter. National Bank of Canada FI raised its stake in JD.com by 65,089.6% in the third 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 buying an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in JD.com by 117.1% in the third 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 in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of JD.com during the third quarter worth about $73,311,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Trading Up 2.8 %

Shares of JD.com stock opened at $41.16 on Wednesday. The company has a market cap of $64.91 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.30 and a beta of 0.40. The firm has a 50-day simple moving average of $37.04 and a two-hundred day simple moving average of $34.38. 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, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $47.82.

Analysts Set New Price Targets

JD has been the subject of several research analyst reports. Sanford C. Bernstein raised shares of 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. JPMorgan Chase & Co. raised 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. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st. Barclays raised their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

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.