Allianz Asset Management GmbH boosted its stake in JD.com, Inc. (NASDAQ:JD) by 24.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,407,118 shares of the information services provider’s stock after acquiring an additional 658,441 shares during the period. Allianz Asset Management GmbH owned 0.24% of JD.com worth $130,151,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JD. Bessemer Group Inc. acquired a new position in JD.com in the third quarter valued at approximately $101,000. Highstreet Asset Management Inc. acquired a new position in JD.com in the second quarter valued at approximately $127,000. Advisor Group Inc. lifted its stake in JD.com by 253.0% in the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock valued at $154,000 after buying an additional 2,907 shares during the period. IFP Advisors Inc lifted its stake in JD.com by 585.2% in the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after buying an additional 4,184 shares during the period. Finally, Bank Pictet & Cie Asia Ltd. acquired a new position in JD.com in the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 44.99% of the company’s stock.

Several equities analysts have issued reports on JD shares. Zacks Investment Research lowered JD.com from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. KeyCorp set a $51.00 price target on JD.com and gave the company a “buy” rating in a research note on Monday, November 13th. UBS raised JD.com from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th. J P Morgan Chase & Co dropped their price target on JD.com from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 15th. Finally, BidaskClub lowered JD.com from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. 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 stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.50.

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

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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.

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

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