Zurcher Kantonalbank Zurich Cantonalbank Has $750,000 Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 64.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,248 shares of the information services provider’s stock after acquiring an additional 7,132 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in JD.com were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hexagon Capital Partners LLC acquired a new position in shares of JD.com in the 1st quarter valued at about $25,000. GeoWealth Management LLC lifted its stake in JD.com by 129.1% in the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider’s stock valued at $48,000 after buying an additional 785 shares during the period. Wayfinding Financial LLC bought a new position in shares of JD.com during the 1st quarter worth approximately $56,000. Farther Finance Advisors LLC grew its position in shares of JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock worth $66,000 after buying an additional 308 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its stake in shares of JD.com by 21.4% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider’s stock valued at $93,000 after acquiring an additional 400 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on JD shares. JPMorgan Chase & Co. reduced their price objective on JD.com from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, May 27th. Susquehanna reduced their price target on shares of JD.com from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, May 15th. Bank of America lowered their price objective on shares of JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, July 14th. Macquarie reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of JD.com in a research note on Wednesday, April 23rd. Finally, Arete Research downgraded shares of JD.com from a “hold” rating to a “strong sell” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

JD.com Trading Down 0.9%

Shares of JD opened at $31.34 on Wednesday. JD.com, Inc. has a 1-year low of $24.92 and a 1-year high of $47.82. The company has a market capitalization of $43.77 billion, a P/E ratio of 7.63, a P/E/G ratio of 4.14 and a beta of 0.46. 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 $32.56 and its 200 day simple moving average is $36.30.

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.