CenterBook Partners LP Grows Holdings in JD.com, Inc. $JD

CenterBook Partners LP raised its holdings in JD.com, Inc. (NASDAQ:JD) by 127.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,269 shares of the information services provider’s stock after purchasing an additional 28,160 shares during the quarter. CenterBook Partners LP’s holdings in JD.com were worth $1,758,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in JD. Fortis Group Advisors LLC purchased a new position in shares of JD.com during the third quarter worth about $2,468,000. Todd Asset Management LLC raised its stake in JD.com by 8.3% during the 3rd quarter. Todd Asset Management LLC now owns 1,116,629 shares of the information services provider’s stock valued at $39,060,000 after acquiring an additional 85,331 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in JD.com by 4.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 63,951 shares of the information services provider’s stock worth $2,237,000 after acquiring an additional 2,616 shares during the period. Glaxis Capital Management LLC purchased a new position in shares of JD.com in the 3rd quarter valued at approximately $2,449,000. Finally, Aberdeen Group plc increased its holdings in shares of JD.com by 24.1% in the third quarter. Aberdeen Group plc now owns 38,115 shares of the information services provider’s stock valued at $1,333,000 after purchasing an additional 7,393 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of JD.com from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Wall Street Zen cut shares of JD.com from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of JD.com in a research note on Monday, December 29th. Susquehanna reissued a “neutral” rating on shares of JD.com in a report on Monday, November 24th. Finally, Benchmark lowered their price objective on JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Eleven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.71.

JD.com Price Performance

Shares of NASDAQ:JD opened at $27.27 on Friday. The firm has a market capitalization of $39.07 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 5.87 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. The business’s 50 day simple moving average is $28.81 and its 200-day simple moving average is $31.01. JD.com, Inc. has a 12 month low of $26.95 and a 12 month high of $46.44.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.