JD.com, Inc. (NASDAQ:JD) Shares Sold by Alkeon Capital Management LLC

Alkeon Capital Management LLC reduced its position in shares of JD.com, Inc. (NASDAQ:JD) by 24.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,027,272 shares of the information services provider’s stock after selling 1,608,933 shares during the period. Alkeon Capital Management LLC owned 0.32% of JD.com worth $201,091,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of JD.com by 280.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,652 shares of the information services provider’s stock valued at $1,026,000 after buying an additional 18,916 shares during the last quarter. Financial Counselors Inc. purchased a new stake in JD.com during the 3rd quarter valued at about $290,000. Rings Capital Management LLC acquired a new stake in JD.com in the 3rd quarter valued at about $7,200,000. Townsquare Capital LLC lifted its stake in JD.com by 254.5% in the 3rd quarter. Townsquare Capital LLC now owns 175,645 shares of the information services provider’s stock worth $7,026,000 after purchasing an additional 126,094 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of JD.com during the 3rd quarter worth approximately $103,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JD. JPMorgan Chase & Co. increased their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and reduced their price target for the stock from $49.00 to $48.00 in a report on Monday, October 21st. StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Citigroup cut their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and an average price target of $40.36.

JD.com Stock Performance

NASDAQ JD opened at $37.19 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company has a market cap of $58.65 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.30 and a beta of 0.41. The stock has a 50-day moving average of $38.94 and a two-hundred day moving average of $31.76. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82.

JD.com Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.