Picton Mahoney Asset Management Grows Position in JD.com, Inc. (NASDAQ:JD)

Picton Mahoney Asset Management raised its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 43.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,900 shares of the information services provider’s stock after purchasing an additional 18,500 shares during the quarter. Picton Mahoney Asset Management’s holdings in JD.com were worth $2,504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in JD. Brighton Jones LLC purchased a new stake in shares of JD.com in the fourth quarter worth about $270,000. Sei Investments Co. lifted its holdings in shares of JD.com by 144.6% in the fourth quarter. Sei Investments Co. now owns 89,378 shares of the information services provider’s stock worth $3,099,000 after buying an additional 52,843 shares in the last quarter. Norges Bank purchased a new stake in shares of JD.com in the fourth quarter worth about $70,130,000. Orion Portfolio Solutions LLC lifted its holdings in shares of JD.com by 32.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 22,053 shares of the information services provider’s stock worth $765,000 after buying an additional 5,465 shares in the last quarter. Finally, Allianz SE purchased a new stake in shares of JD.com in the fourth quarter worth about $52,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Down 3.0%

Shares of NASDAQ JD opened at $32.22 on Wednesday. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. The firm’s 50 day simple moving average is $32.75 and its two-hundred day simple moving average is $36.44. The stock has a market capitalization of $45.00 billion, a P/E ratio of 7.84, a PEG ratio of 4.35 and a beta of 0.48.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Macquarie reissued a “neutral” rating and issued a $35.00 price target on shares of JD.com in a report on Wednesday, April 23rd. Mizuho lowered their price target on shares of JD.com from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, May 14th. UBS Group lowered their price target on shares of JD.com from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 10th. Citigroup reissued a “buy” rating and issued a $51.00 price target (down from $56.00) on shares of JD.com in a report on Monday, April 28th. Finally, Wall Street Zen downgraded shares of JD.com from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

About JD.com

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.