Victory Capital Management Inc. Increases Holdings in JD.com, Inc. (NASDAQ:JD)

Victory Capital Management Inc. raised its position in shares of JD.com, Inc. (NASDAQ:JD) by 681.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,629 shares of the information services provider’s stock after buying an additional 174,966 shares during the quarter. Victory Capital Management Inc.’s holdings in JD.com were worth $8,025,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of JD. Canada Pension Plan Investment Board grew its stake in JD.com by 9.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after acquiring an additional 129,763 shares in the last quarter. Polunin Capital Partners Ltd lifted its holdings in JD.com by 27.8% in the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after acquiring an additional 447,264 shares during the period. Seven Grand Managers LLC purchased a new position in shares of JD.com in the 3rd quarter valued at about $16,800,000. SG Americas Securities LLC grew its position in shares of JD.com by 55.8% in the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after purchasing an additional 33,771 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of JD.com by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after acquiring an additional 63,800 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Susquehanna restated a “neutral” rating and set a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and reduced their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 13th. Finally, Citigroup lowered their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $40.36.

JD.com Stock Performance

JD.com stock opened at $35.34 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 fifty day moving average price of $38.07 and a two-hundred day moving average price of $31.64. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82. The company has a market cap of $55.73 billion, a PE ratio of 11.18, a P/E/G ratio of 0.29 and a beta of 0.41.

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.