Brooklyn Investment Group Purchases New Shares in JD.com, Inc. (NASDAQ:JD)

Brooklyn Investment Group acquired a new position in JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 993 shares of the information services provider’s stock, valued at approximately $34,000.

Other hedge funds have also modified their holdings of the company. Two Sigma Advisers LP increased its holdings in JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after acquiring an additional 4,839,700 shares in the last quarter. FMR LLC increased its stake in shares of JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares in the last quarter. National Bank of Canada FI raised its position in shares of JD.com by 65,089.6% during the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after purchasing an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. lifted 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 valued at $161,356,000 after buying an additional 2,175,568 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in JD.com in the 3rd quarter worth about $73,311,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Trading Up 10.1 %

NASDAQ JD opened at $39.00 on Monday. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82. The firm has a market cap of $61.51 billion, a PE ratio of 12.34, a P/E/G ratio of 0.25 and a beta of 0.39. The firm’s fifty day moving average is $36.02 and its two-hundred day moving average is $33.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

Analyst Ratings Changes

Several equities analysts have recently weighed in on JD shares. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and raised their target price 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 company an “overweight” rating in a report on Wednesday, October 16th. Citigroup dropped their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Barclays upped their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $41.36.

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.