Cortland Associates Inc. MO Has $11.39 Million Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Cortland Associates Inc. MO lowered its position in shares of JD.com, Inc. (NASDAQ:JD) by 1.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 328,625 shares of the information services provider’s stock after selling 4,367 shares during the quarter. JD.com comprises 1.3% of Cortland Associates Inc. MO’s holdings, making the stock its 20th biggest position. Cortland Associates Inc. MO’s holdings in JD.com were worth $11,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its position in shares of JD.com by 76.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider’s stock worth $114,886,000 after purchasing an additional 1,440,418 shares during the period. UG Investment Advisers Ltd. increased its position in shares of JD.com by 495,572.7% in the fourth quarter. UG Investment Advisers Ltd. now owns 54,524 shares of the information services provider’s stock worth $1,890,000 after purchasing an additional 54,513 shares during the period. SteelPeak Wealth LLC bought a new position in shares of JD.com in the fourth quarter worth $290,000. Prospect Financial Services LLC increased its position in shares of JD.com by 62.5% in the fourth quarter. Prospect Financial Services LLC now owns 10,936 shares of the information services provider’s stock worth $379,000 after purchasing an additional 4,205 shares during the period. Finally, KBC Group NV increased its position in shares of JD.com by 213.4% in the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock worth $12,343,000 after purchasing an additional 242,409 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Price Performance

JD.com stock opened at $40.26 on Thursday. The stock’s 50 day moving average is $36.57 and its 200 day moving average is $33.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The firm has a market cap of $63.49 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.29 and a beta of 0.39. JD.com, Inc. has a one year low of $21.18 and a one year high of $47.82.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Citigroup decreased their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Benchmark reiterated a “buy” rating and issued a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their target price for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Profile

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.