Zurcher Kantonalbank Zurich Cantonalbank grew its stake in JD.com, Inc. (NASDAQ:JD) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 311,014 shares of the information services provider’s stock after purchasing an additional 8,109 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in JD.com were worth $11,881,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Jennison Associates LLC raised its stake in shares of JD.com by 0.8% in the 2nd quarter. Jennison Associates LLC now owns 36,469 shares of the information services provider’s stock valued at $1,430,000 after purchasing an additional 277 shares in the last quarter. Formula Growth Ltd. raised its stake in JD.com by 0.9% during the second quarter. Formula Growth Ltd. now owns 71,347 shares of the information services provider’s stock worth $2,798,000 after acquiring an additional 637 shares during the period. ING Groep NV raised its stake in JD.com by 2.5% during the second quarter. ING Groep NV now owns 31,439 shares of the information services provider’s stock worth $1,233,000 after acquiring an additional 761 shares during the period. Pillar Pacific Capital Management LLC raised its stake in JD.com by 0.6% during the second quarter. Pillar Pacific Capital Management LLC now owns 126,075 shares of the information services provider’s stock worth $4,945,000 after acquiring an additional 775 shares during the period. Finally, Compagnie Lombard Odier SCmA raised its stake in JD.com by 1.2% during the second quarter. Compagnie Lombard Odier SCmA now owns 77,890 shares of the information services provider’s stock worth $3,054,000 after acquiring an additional 900 shares during the period. Institutional investors and hedge funds own 46.51% of the company’s stock.

Several research firms recently weighed in on JD. Vetr lowered shares of JD.com from a “strong-buy” rating to a “buy” rating and set a $44.44 price objective on the stock. in a research note on Thursday, September 28th. BidaskClub upgraded shares of JD.com from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. J P Morgan Chase & Co dropped their price objective on shares of JD.com from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 15th. UBS AG reiterated a “neutral” rating and set a $41.00 price objective on shares of JD.com in a research note on Monday, August 14th. Finally, Wells Fargo & Company began coverage on shares of JD.com in a research note on Tuesday, September 26th. They set an “outperform” rating and a $50.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. JD.com presently has an average rating of “Buy” and a consensus target price of $45.50.

WARNING: “JD.com, Inc. (JD) Stake Raised by Zurcher Kantonalbank Zurich Cantonalbank” was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.watchlistnews.com/jd-com-inc-jd-stake-raised-by-zurcher-kantonalbank-zurich-cantonalbank/1723644.html.

JD.com, Inc. (NASDAQ JD) opened at $39.79 on Friday. JD.com, Inc. has a 1 year low of $25.25 and a 1 year 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 company has a market cap of $56,632.51, a PE ratio of 1,989.50 and a beta of 1.40.

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)

Receive News & Ratings for JD.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.com Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.