ARGA Investment Management LP Buys 10,690 Shares of JD.com, Inc. (NASDAQ:JD)

ARGA Investment Management LP lifted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 37.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,440 shares of the information services provider’s stock after acquiring an additional 10,690 shares during the quarter. ARGA Investment Management LP’s holdings in JD.com were worth $1,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Richardson Financial Services Inc. acquired a new position in shares of JD.com in the 4th quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in JD.com in the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC lifted its stake in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after buying an additional 417 shares during the period. Modus Advisors LLC bought a new position in shares of JD.com during the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of JD.com during the 3rd quarter worth approximately $49,000. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JD has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on shares of 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 cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and decreased their target price for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Finally, Barclays raised 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. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Stock Performance

NASDAQ JD opened at $41.16 on Wednesday. The company has a fifty day moving average price of $37.04 and a 200-day moving average price of $34.38. The firm has a market cap of $64.91 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 0.30 and a beta of 0.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 1 year low of $21.18 and a 1 year 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.