CI Investments Inc. Grows Stake in JD.Com Inc (JD)

CI Investments Inc. boosted its position in shares of JD.Com Inc (NASDAQ:JD) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,150 shares of the information services provider’s stock after purchasing an additional 10,600 shares during the period. CI Investments Inc.’s holdings in JD.Com were worth $12,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in JD. Bessemer Group Inc. acquired a new stake in shares of JD.Com in the third quarter valued at approximately $101,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of JD.Com during the fourth quarter worth $135,000. Advisor Group Inc. grew its stake in shares of JD.Com by 253.0% during the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock worth $154,000 after buying an additional 2,907 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of JD.Com by 58.3% in the fourth quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 3,800 shares of the information services provider’s stock worth $157,000 after purchasing an additional 1,400 shares during the last quarter. Finally, CENTRAL TRUST Co bought a new stake in shares of JD.Com in the fourth quarter worth $166,000. Institutional investors own 44.30% of the company’s stock.

JD.Com Inc (NASDAQ JD) traded up $0.79 during trading hours on Tuesday, hitting $43.72. 11,474,900 shares of the stock traded hands, compared to its average volume of 14,426,882. JD.Com Inc has a one year low of $29.28 and a one year high of $50.68. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $63,050.00, a P/E ratio of -630.57 and a beta of 1.52.

JD.Com (NASDAQ:JD) last issued its quarterly earnings data on Monday, November 13th. The information services provider reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.12. JD.Com had a negative net margin of 0.29% and a positive return on equity of 0.83%. equities research analysts predict that JD.Com Inc will post 0.07 earnings per share for the current year.

Several research firms recently issued reports on JD. Vetr upgraded shares of JD.Com from a “hold” rating to a “buy” rating and set a $51.92 target price on the stock in a report on Tuesday, January 30th. Sanford C. Bernstein reiterated a “market perform” rating and set a $47.00 price objective (up previously from $40.00) on shares of JD.Com in a report on Wednesday, January 31st. KeyCorp upped their price objective on shares of JD.Com from $51.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Zacks Investment Research lowered shares of JD.Com from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Finally, BidaskClub upgraded shares of JD.Com from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.52.

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JD.Com Profile

JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.

Institutional Ownership by Quarter for JD.Com (NASDAQ:JD)

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