Macquarie Group Ltd. increased its stake in JD.com Inc. (NASDAQ:JD) by 6.9% during the second quarter, Holdings Channel reports. The fund owned 718,600 shares of the company’s stock after buying an additional 46,100 shares during the period. Macquarie Group Ltd.’s holdings in JD.com were worth $15,257,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AMP Capital Investors Ltd raised its stake in JD.com by 7.9% in the first quarter. AMP Capital Investors Ltd now owns 13,600 shares of the company’s stock valued at $370,000 after buying an additional 1,000 shares in the last quarter. Legal & General Group Plc raised its stake in JD.com by 1.9% in the first quarter. Legal & General Group Plc now owns 412,800 shares of the company’s stock valued at $10,939,000 after buying an additional 7,500 shares in the last quarter. Seven Eight Capital LLC acquired a new stake in JD.com during the first quarter valued at approximately $326,000. BNP Paribas Arbitrage SA raised its stake in JD.com by 307.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,534,370 shares of the company’s stock valued at $53,805,000 after buying an additional 1,912,317 shares in the last quarter. Finally, British Columbia Investment Management Corp raised its stake in JD.com by 295.9% in the second quarter. British Columbia Investment Management Corp now owns 156,000 shares of the company’s stock valued at $3,312,000 after buying an additional 116,600 shares in the last quarter. Institutional investors own 51.03% of the company’s stock.

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

JD.com Inc. (NASDAQ:JD) traded up 6.911% during mid-day trading on Tuesday, reaching $27.615. 14,168,470 shares of the company were exchanged. The company’s market cap is $39.86 billion. JD.com Inc. has a 12 month low of $19.51 and a 12 month high of $33.48. The stock’s 50-day moving average is $25.87 and its 200-day moving average is $24.17.

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A number of research firms have issued reports on JD. Citigroup Inc. restated a “buy” rating and issued a $32.00 target price (up from $31.00) on shares of JD.com in a report on Wednesday, August 10th. MKM Partners set a $32.00 target price on shares of JD.com and gave the company a “buy” rating in a report on Wednesday, August 10th. Vetr lowered shares of JD.com from a “strong-buy” rating to a “hold” rating and set a $26.86 target price on the stock. in a report on Tuesday, November 15th. Piper Jaffray Cos. restated a “neutral” rating and issued a $27.00 target price on shares of JD.com in a report on Saturday, August 13th. Finally, Jefferies Group upped their target price on shares of JD.com from $31.60 to $32.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. JD.com presently has a consensus rating of “Hold” and a consensus price target 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.

5 Day Chart for NASDAQ:JD

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