Macquarie Group Ltd. lifted its position in JD.com, Inc. (NASDAQ:JD) by 37.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,738,921 shares of the information services provider’s stock after buying an additional 1,023,732 shares during the quarter. Macquarie Group Ltd. owned approximately 0.26% of JD.com worth $142,826,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of JD. FIL Ltd increased its holdings in JD.com by 36.1% during the 2nd quarter. FIL Ltd now owns 9,860,118 shares of the information services provider’s stock worth $386,713,000 after purchasing an additional 2,616,886 shares during the period. GQG Partners LLC purchased a new stake in JD.com during the 2nd quarter worth about $85,822,000. BARING ASSET MANAGEMENT Ltd purchased a new stake in JD.com during the 2nd quarter worth about $61,748,000. TB Alternative Assets Ltd. purchased a new stake in JD.com during the 2nd quarter worth about $50,598,000. Finally, Ariose Capital Management Ltd acquired a new position in shares of JD.com during the 2nd quarter worth about $47,005,000. Hedge funds and other institutional investors own 44.98% of the company’s stock.
A number of analysts recently issued reports on JD shares. Bank of America reissued a “buy” rating and issued a $53.00 target price (up from $46.00) on shares of JD.com in a research report on Wednesday, August 9th. UBS reissued a “neutral” rating and issued a $41.00 target price on shares of JD.com in a research report on Monday, August 14th. BidaskClub cut JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. J P Morgan Chase & Co upped their target price on JD.com to $55.00 and gave the company a “positive” rating in a research report on Tuesday, August 15th. Finally, Instinet reissued a “buy” rating and issued a $55.00 target price (up from $46.00) on shares of JD.com in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $45.50.
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JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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