Pinebridge Investments L.P. Has $3.68 Million Position in JD.com, Inc. (JD)

Pinebridge Investments L.P. lifted its position in JD.com, Inc. (NASDAQ:JD) by 331.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,270 shares of the information services provider’s stock after acquiring an additional 73,939 shares during the period. Pinebridge Investments L.P.’s holdings in JD.com were worth $3,678,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. BRILLIANCE ASSET MANAGEMENT Ltd acquired a new stake in JD.com during the 3rd quarter worth approximately $5,592,000. KBC Group NV raised its holdings in JD.com by 187.5% during the 3rd quarter. KBC Group NV now owns 335,158 shares of the information services provider’s stock worth $12,803,000 after buying an additional 218,571 shares during the period. Boston Private Wealth LLC raised its holdings in JD.com by 45.9% during the 3rd quarter. Boston Private Wealth LLC now owns 101,882 shares of the information services provider’s stock worth $3,892,000 after buying an additional 32,068 shares during the period. BB&T Securities LLC raised its holdings in JD.com by 15.4% during the 3rd quarter. BB&T Securities LLC now owns 15,090 shares of the information services provider’s stock worth $576,000 after buying an additional 2,012 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in JD.com by 395.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 246,782 shares of the information services provider’s stock worth $9,428,000 after buying an additional 197,020 shares during the period. Institutional investors and hedge funds own 44.99% of the company’s stock.

JD.com, Inc. (NASDAQ JD) opened at $36.75 on Tuesday. JD.com, Inc. has a 52 week low of $25.25 and a 52 week high of $48.99. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.30. The firm has a market cap of $53,045.83, a price-to-earnings ratio of 1,863.50 and a beta of 1.37.

Several analysts have commented on JD shares. Morgan Stanley downgraded shares of JD.com from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $50.00 to $52.00 in a report on Tuesday, November 14th. UBS upgraded shares of JD.com from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. MKM Partners upgraded shares of JD.com from a “neutral” rating to a “buy” rating and raised their target price for the stock from $33.00 to $51.00 in a report on Wednesday, August 23rd. They noted that the move was a valuation call. BidaskClub cut shares of JD.com from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 26th. Finally, Nomura raised their price target on shares of JD.com from $49.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. JD.com has an average rating of “Buy” and a consensus target price of $45.50.

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JD.com Company Profile

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.

Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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