JD.Com Inc (NASDAQ:JD) is Point72 Hong Kong Ltd’s Largest Position
Point72 Hong Kong Ltd raised its position in JD.Com Inc (NASDAQ:JD) by 560.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 999,128 shares of the information services provider’s stock after buying an additional 847,947 shares during the period. JD.Com comprises 8.3% of Point72 Hong Kong Ltd’s investment portfolio, making the stock its biggest position. Point72 Hong Kong Ltd owned approximately 0.08% of JD.Com worth $30,264,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JD. NEXT Financial Group Inc purchased a new stake in shares of JD.Com during the second quarter worth about $25,000. CWM LLC purchased a new stake in shares of JD.Com during the second quarter worth about $26,000. Ropes Wealth Advisors LLC purchased a new stake in shares of JD.Com during the second quarter worth about $30,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of JD.Com during the first quarter worth about $51,000. Finally, Rehmann Capital Advisory Group increased its stake in shares of JD.Com by 233.6% during the first quarter. Rehmann Capital Advisory Group now owns 2,132 shares of the information services provider’s stock worth $64,000 after purchasing an additional 1,493 shares in the last quarter. 48.60% of the stock is owned by institutional investors.
NASDAQ:JD traded down $0.11 on Friday, hitting $30.94. The stock had a trading volume of 12,170,379 shares, compared to its average volume of 9,374,754. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.19. The stock has a market cap of $45.28 billion, a price-to-earnings ratio of -1,031.33 and a beta of 1.38. The company has a fifty day moving average price of $29.83 and a two-hundred day moving average price of $29.32. JD.Com Inc has a 1-year low of $19.21 and a 1-year high of $32.38.
Several analysts recently issued reports on JD shares. Jefferies Financial Group started coverage on shares of JD.Com in a research note on Monday, August 5th. They set a “buy” rating and a $36.50 price objective for the company. ValuEngine cut shares of JD.Com from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective (up previously from $36.00) on shares of JD.Com in a research note on Wednesday, August 14th. Zacks Investment Research raised shares of JD.Com from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, August 20th. Finally, Mizuho upped their price objective on shares of JD.Com from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. JD.Com presently has a consensus rating of “Buy” and an average price target of $32.97.
JD.Com Company Profile
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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