JD.com, Inc. (NASDAQ:JD) Stake Boosted by Warther Private Wealth LLC

Warther Private Wealth LLC lifted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 12.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 468,946 shares of the information services provider’s stock after buying an additional 52,785 shares during the quarter. JD.com comprises 6.3% of Warther Private Wealth LLC’s portfolio, making the stock its 7th largest position. Warther Private Wealth LLC’s holdings in JD.com were worth $19,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of JD. FMR LLC grew its holdings in JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock worth $986,280,000 after purchasing an additional 13,170,649 shares during the period. CoreView Capital Management Ltd grew its holdings in JD.com by 204.8% in the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock worth $221,878,000 after purchasing an additional 4,299,872 shares during the period. Appaloosa LP grew its holdings in JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after purchasing an additional 3,165,885 shares during the period. Voya Investment Management LLC purchased a new stake in JD.com in the fourth quarter worth about $109,665,000. Finally, Aspex Management HK Ltd purchased a new stake in JD.com in the fourth quarter worth about $93,562,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

JD has been the topic of a number of recent research reports. Bank of America cut their price objective on shares of JD.com from $51.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Morgan Stanley set a $39.00 target price on shares of JD.com in a research note on Tuesday, May 13th. Barclays increased their price target on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Wall Street Zen cut shares of JD.com from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Finally, Citigroup reiterated a “buy” rating and set a $51.00 price target (down previously from $56.00) on shares of JD.com in a report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.33.

JD.com Stock Down 2.5%

Shares of JD.com stock opened at $32.76 on Monday. The company has a market cap of $51.67 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 0.31 and a beta of 0.48. The company’s 50 day moving average is $33.96 and its 200 day moving average is $37.27. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

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.