JD.com, Inc. (NASDAQ:JD) Shares Acquired by Caas Capital Management LP

Caas Capital Management LP lifted its stake in JD.com, Inc. (NASDAQ:JD) by 46.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 74,080 shares of the information services provider’s stock after purchasing an additional 23,421 shares during the period. JD.com makes up about 0.4% of Caas Capital Management LP’s investment portfolio, making the stock its 13th biggest position. Caas Capital Management LP’s holdings in JD.com were worth $2,568,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

JD has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their target price for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Barclays lifted their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Trading Down 1.7 %

Shares of JD stock opened at $40.03 on Tuesday. JD.com, Inc. has a 1 year low of $21.18 and a 1 year high of $47.82. The firm has a market capitalization of $63.13 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.30 and a beta of 0.40. The stock has a fifty day moving average of $36.93 and a two-hundred day moving average of $34.28. 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 Company 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.