Nomura Holdings Inc. Purchases 309,862 Shares of JD.Com Inc (NASDAQ:JD)

Nomura Holdings Inc. boosted its position in shares of JD.Com Inc (NASDAQ:JD) by 110.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 590,522 shares of the information services provider’s stock after buying an additional 309,862 shares during the quarter. Nomura Holdings Inc.’s holdings in JD.Com were worth $16,772,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC raised its position in JD.Com by 85.5% during the third quarter. Lindbrook Capital LLC now owns 872 shares of the information services provider’s stock worth $25,000 after acquiring an additional 402 shares in the last quarter. CWM LLC bought a new stake in JD.Com during the second quarter worth $26,000. WealthStone Inc. bought a new stake in JD.Com during the second quarter worth $28,000. Quest Capital Management Inc. ADV bought a new stake in JD.Com during the third quarter worth $28,000. Finally, Ropes Wealth Advisors LLC bought a new stake in JD.Com during the second quarter worth $30,000. 38.99% of the stock is currently owned by hedge funds and other institutional investors.

JD has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $40.00 price target (up from $36.00) on shares of JD.Com in a research report on Wednesday, August 14th. Macquarie initiated coverage on shares of JD.Com in a research report on Wednesday, November 27th. They set a “neutral” rating and a $36.00 price target on the stock. ValuEngine raised shares of JD.Com from a “strong sell” rating to a “sell” rating in a research report on Friday, November 15th. Barclays raised shares of JD.Com from an “equal weight” rating to an “overweight” rating and set a $38.00 price target on the stock in a research report on Monday, November 25th. Finally, HSBC initiated coverage on shares of JD.Com in a research report on Monday. They set a “buy” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. JD.Com has a consensus rating of “Buy” and an average price target of $35.69.

Shares of NASDAQ:JD traded up $0.59 on Thursday, hitting $33.83. The company had a trading volume of 702,635 shares, compared to its average volume of 11,821,062. JD.Com Inc has a 1-year low of $19.26 and a 1-year high of $35.43. The stock has a market cap of $48.51 billion, a price-to-earnings ratio of -1,127.33 and a beta of 1.36. The stock has a 50 day moving average price of $32.38 and a 200 day moving average price of $30.16. The company has a current ratio of 0.98, a quick ratio of 0.61 and a debt-to-equity ratio of 0.20.

JD.Com Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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

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