Zurcher Kantonalbank Zurich Cantonalbank Decreases Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 24.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,321 shares of the information services provider’s stock after selling 1,995 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in JD.com were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rings Capital Management LLC purchased a new position in JD.com in the 3rd quarter valued at $7,200,000. Townsquare Capital LLC lifted its holdings 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 valued at $7,026,000 after purchasing an additional 126,094 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new position in JD.com in the 3rd quarter valued at $103,000. Quantbot Technologies LP purchased a new position in JD.com in the 3rd quarter valued at $2,310,000. Finally, D.A. Davidson & CO. purchased a new position in JD.com in the 3rd quarter valued at $290,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Up 2.1 %

Shares of JD.com stock opened at $37.18 on Monday. The company has a market cap of $58.64 billion, a P/E ratio of 11.77, a PEG ratio of 0.29 and a beta of 0.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82. The firm has a fifty day moving average of $39.30 and a two-hundred day moving average of $31.86.

Analysts Set New Price Targets

JD has been the subject of a number of recent research reports. StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Barclays raised their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Citigroup cut their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Sanford C. Bernstein cut their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.36.

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.