Trading Report: Today, JD.com Inc. (JD) Stake Boosted by Fis Group Inc.

Today, JD.com Inc. (JD) Stake Boosted by Fis Group Inc.

Fis Group Inc. boosted its position in shares of JD.com Inc. (NASDAQ:JD) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,362 shares of the company’s stock after buying an additional 2,598 shares during the period. JD.com comprises approximately 0.8% of Fis Group Inc.’s holdings, making the stock its 27th largest position. Fis Group Inc.’s holdings in JD.com were worth $2,380,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Capital Fund Management S.A. increased its position in shares of JD.com by 107.8% in the second quarter. Capital Fund Management S.A. now owns 1,308,578 shares of the company’s stock worth $27,781,000 after buying an additional 678,756 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of JD.com by 276.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,958,654 shares of the company’s stock worth $41,582,000 after buying an additional 1,438,952 shares during the period. Hillman Co. increased its position in shares of JD.com by 23.4% in the second quarter. Hillman Co. now owns 965,966 shares of the company’s stock worth $20,508,000 after buying an additional 183,412 shares during the period. Fisher Asset Management LLC increased its position in shares of JD.com by 18.3% in the third quarter. Fisher Asset Management LLC now owns 9,604,780 shares of the company’s stock worth $250,589,000 after buying an additional 1,484,077 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new position in shares of JD.com during the second quarter worth about $427,000. Institutional investors and hedge funds own 51.03% of the company’s stock.

JD.com Inc. (NASDAQ:JD) traded up 1.14% during mid-day trading on Monday, reaching $25.83. The company had a trading volume of 9,681,689 shares. JD.com Inc. has a 52 week low of $19.51 and a 52 week high of $33.48. The stock has a 50 day moving average of $25.87 and a 200 day moving average of $24.16.

A number of brokerages recently issued reports on JD. Vetr downgraded JD.com from a “strong-buy” rating to a “hold” rating and set a $26.86 price objective for the company. in a research note on Tuesday, November 15th. Stifel Nicolaus began coverage on JD.com in a research note on Thursday, October 13th. They set a “buy” rating and a $34.00 price objective for the company. SunTrust Banks Inc. boosted their price objective on JD.com from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, October 10th. MKM Partners downgraded JD.com from a “buy” rating to a “neutral” rating and cut their price objective for the company from $32.00 to $27.00 in a research note on Tuesday, September 20th. Finally, JPMorgan Chase & Co. assumed coverage on JD.com in a research note on Wednesday, August 31st. They set a “neutral” rating and a $29.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. JD.com currently has a consensus rating of “Hold” and a consensus target price of $29.75.

About JD.com

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.

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