Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of JD.com, Inc. (NASDAQ:JD) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,800 shares of the company’s stock after buying an additional 4,100 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in JD.com were worth $2,395,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Advisor Group Inc. bought a new stake in shares of JD.com during the second quarter valued at approximately $103,000. Shinko Asset Management Co. Ltd. increased its stake in shares of JD.com by 200.0% in the third quarter. Shinko Asset Management Co. Ltd. now owns 6,000 shares of the company’s stock valued at $157,000 after buying an additional 4,000 shares during the period. Seven Bridges Advisors LLC bought a new stake in shares of JD.com during the second quarter valued at approximately $234,000. Burnham Asset Management Corp NY bought a new stake in shares of JD.com during the second quarter valued at approximately $244,000. Finally, Candriam Luxembourg S.C.A. bought a new stake in shares of JD.com during the second quarter valued at approximately $297,000. Institutional investors and hedge funds own 49.81% of the company’s stock.

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

JD.com, Inc. (NASDAQ:JD) traded up 0.11% during midday trading on Friday, hitting $26.80. The stock had a trading volume of 4,493,300 shares. The stock’s market cap is $32944.30 billion. JD.com, Inc. has a 52 week low of $19.51 and a 52 week high of $30.01. The company has a 50-day moving average price of $26.06 and a 200-day moving average price of $24.86.

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Several equities analysts have recently weighed in on JD shares. Vetr raised shares of JD.com from a “buy” rating to a “strong-buy” rating and set a $31.46 price target for the company in a research note on Monday. J P Morgan Chase & Co raised shares of JD.com from a “neutral” rating to an “overweight” rating and raised their target price for the company from $32.00 to $39.00 in a research note on Monday. SunTrust Banks, Inc. raised their target price on shares of JD.com from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, October 10th. Brean Capital reissued a “buy” rating on shares of JD.com in a research note on Tuesday, December 13th. Finally, MKM Partners cut shares of JD.com from a “buy” rating to a “neutral” rating and decreased their target price for the company from $32.00 to $27.00 in a research note on Tuesday, September 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $29.84.

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.

5 Day Chart for NASDAQ:JD

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