Pioneer Investment Management Inc. purchased a new stake in JD.com, Inc. (NASDAQ:JD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 74,487 shares of the information services provider’s stock, valued at approximately $2,921,000.

Several other hedge funds have also recently bought and sold shares of JD. American International Group Inc. increased its position in shares of JD.com by 0.4% in the first quarter. American International Group Inc. now owns 51,405 shares of the information services provider’s stock valued at $1,599,000 after buying an additional 185 shares during the last quarter. Norinchukin Bank The increased its position in JD.com by 1.1% in the first quarter. Norinchukin Bank The now owns 20,976 shares of the information services provider’s stock valued at $653,000 after buying an additional 229 shares during the last quarter. Allen Investment Management LLC increased its position in JD.com by 1.3% in the first quarter. Allen Investment Management LLC now owns 30,605 shares of the information services provider’s stock valued at $952,000 after buying an additional 404 shares during the last quarter. Envestnet Asset Management Inc. increased its position in JD.com by 7.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock valued at $202,000 after buying an additional 464 shares during the last quarter. Finally, Jennison Associates LLC increased its position in JD.com by 4.6% in the first quarter. Jennison Associates LLC now owns 10,994 shares of the information services provider’s stock valued at $342,000 after buying an additional 484 shares during the last quarter. Institutional investors and hedge funds own 48.97% of the company’s stock.

JD.com, Inc. (NASDAQ:JD) opened at 44.25 on Tuesday. JD.com, Inc. has a 1-year low of $22.93 and a 1-year high of $48.99.

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Several research firms have recently issued reports on JD. Instinet reaffirmed a “buy” rating and set a $37.00 price target on shares of JD.com in a research note on Wednesday, May 10th. Vetr upgraded shares of JD.com from a “sell” rating to a “strong-buy” rating and set a $40.00 price target for the company in a report on Tuesday, April 18th. Sanford C. Bernstein upgraded shares of JD.com from an “underperform” rating to a “market perform” rating and reduced their price target for the stock from $39.09 to $21.00 in a report on Tuesday, May 9th. Cowen and Company lifted their price objective on shares of JD.com from $30.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, May 9th. Finally, UBS AG reiterated a “neutral” rating and set a $41.00 price objective on shares of JD.com in a report on Monday. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $39.97.

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.

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

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