Headwater Capital Co Ltd Makes New $17.34 Million Investment in JD.com, Inc. (NASDAQ:JD)

Headwater Capital Co Ltd purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) during the 4th quarter, Holdings Channel.com reports. The fund purchased 500,000 shares of the information services provider’s stock, valued at approximately $17,335,000. JD.com accounts for about 9.2% of Headwater Capital Co Ltd’s holdings, making the stock its 4th largest position.

Several other institutional investors have also recently made changes to their positions in JD. Modus Advisors LLC acquired a new position in shares of JD.com during the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB acquired a new position in JD.com in the 3rd quarter valued at $49,000. Huntington National Bank grew its holdings in JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after buying an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new position in JD.com in the 3rd quarter valued at $103,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in JD.com by 58.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after buying an additional 1,102 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD.com stock opened at $33.10 on Monday. The business’s fifty day simple moving average is $36.42 and its 200 day simple moving average is $33.04. The firm has a market capitalization of $52.20 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

JD has been the subject of a number of recent analyst reports. Benchmark reiterated a “buy” rating and set a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and lowered their target price for the stock from $49.00 to $48.00 in a report on Monday, October 21st. JPMorgan Chase & Co. increased their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 7th. Finally, Barclays increased their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

About JD.com

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.