TT International Asset Management LTD Increases Stake in JD.com, Inc. (NASDAQ:JD)

TT International Asset Management LTD grew its position in shares of JD.com, Inc. (NASDAQ:JD) by 112.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 330,714 shares of the information services provider’s stock after buying an additional 174,801 shares during the quarter. JD.com accounts for 2.0% of TT International Asset Management LTD’s investment portfolio, making the stock its 14th largest holding. TT International Asset Management LTD’s holdings in JD.com were worth $13,599,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after purchasing an additional 684 shares during the period. GeoWealth Management LLC grew its stake in JD.com by 129.1% in the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider’s stock valued at $48,000 after acquiring an additional 785 shares during the last quarter. Allianz SE acquired a new stake in JD.com in the 4th quarter valued at about $52,000. Union Bancaire Privee UBP SA acquired a new stake in JD.com in the 4th quarter valued at about $66,000. Finally, Steward Partners Investment Advisory LLC grew its stake in JD.com by 91.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,156 shares of the information services provider’s stock valued at $75,000 after acquiring an additional 1,031 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Trading Down 3.3%

Shares of JD stock opened at $31.44 on Friday. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The firm’s 50-day simple moving average is $33.72 and its 200-day simple moving average is $37.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. The firm has a market cap of $49.58 billion, a P/E ratio of 7.65, a PEG ratio of 1.10 and a beta of 0.48.

Analyst Ratings Changes

A number of equities research analysts recently commented on JD shares. Bank of America lowered their price objective on shares of JD.com from $51.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Macquarie reaffirmed a “neutral” rating and set a $35.00 price target on shares of JD.com in a research note on Wednesday, April 23rd. Morgan Stanley set a $39.00 price target on shares of JD.com in a research note on Tuesday, May 13th. Barclays raised their price target on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of JD.com from $48.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 27th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, JD.com has an average rating of “Moderate Buy” and an average target price of $46.33.

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.