Bellecapital International LTD Has Raised Its Jd Com (JD) Stake; Alibaba Group Hldg LTD (BABA) Market Valuation Rose While Suvretta Capital Management Boosted Stake by $232.56 Million

December 8, 2017 - By Peter Erickson

Bellecapital International Ltd increased its stake in Jd Com Inc (JD) by 24.77% based on its latest 2017Q2 regulatory filing with the SEC. Bellecapital International Ltd bought 25,704 shares as the company’s stock rose 37.55% with the market. The institutional investor held 129,466 shares of the consumer services company at the end of 2017Q2, valued at $5.08M, up from 103,762 at the end of the previous reported quarter. Bellecapital International Ltd who had been investing in Jd Com Inc for a number of months, seems to be bullish on the $54.30B market cap company. The stock increased 0.82% or $0.31 during the last trading session, reaching $38.13. About 16.03M shares traded. JD.com, Inc. (NASDAQ:JD) has risen 77.67% since December 8, 2016 and is uptrending. It has outperformed by 60.97% the S&P500.

Aaron Cowen increased its stake in Alibaba Group Hldg Ltd (BABA) by 307.65% based on its latest 2017Q2 regulatory filing with the SEC. Suvretta Capital Management Llc bought 1.66 million shares as the company’s stock rose 22.58% with the market. The hedge fund run by Aaron Cowen held 2.20 million shares of the business services company at the end of 2017Q2, valued at $310.14 million, up from 539,950 at the end of the previous reported quarter. Suvretta Capital Management Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $447.66 billion market cap company. The stock increased 1.07% or $1.84 during the last trading session, reaching $174.47. About 15.70M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since December 8, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 21 analysts covering JD.com (NASDAQ:JD), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. JD.com has $5500 highest and $21 lowest target. $39.46’s average target is 3.49% above currents $38.13 stock price. JD.com had 41 analyst reports since August 4, 2015 according to SRatingsIntel. As per Monday, July 17, the company rating was maintained by Jefferies. The firm earned “Hold” rating on Wednesday, August 16 by Cowen & Co. TH Capital initiated the stock with “Buy” rating in Thursday, August 6 report. The rating was upgraded by JP Morgan on Monday, January 9 to “Overweight”. The stock of JD.com, Inc. (NASDAQ:JD) earned “Buy” rating by Nomura on Thursday, August 11. Morgan Stanley downgraded the stock to “Overweight” rating in Monday, August 10 report. The stock of JD.com, Inc. (NASDAQ:JD) has “Buy” rating given on Friday, October 14 by Stifel Nicolaus. Jefferies maintained JD.com, Inc. (NASDAQ:JD) rating on Tuesday, August 22. Jefferies has “Buy” rating and $45.5 target. M Partners downgraded the stock to “Neutral” rating in Tuesday, September 20 report. M Partners upgraded JD.com, Inc. (NASDAQ:JD) on Wednesday, August 23 to “Buy” rating.

More notable recent JD.com, Inc. (NASDAQ:JD) news were published by: Investorplace.com which released: “Why JD.Com Inc(ADR) Could Rally More Than 20%” on November 14, 2017, also Investorplace.com with their article: “Why You Should Buy JD.Com Inc(ADR) Stock Immediately!” published on November 09, 2017, Investorplace.com published: “JD.Com Inc (ADR) Stock Should Be Bought on This Dip” on November 28, 2017. More interesting news about JD.com, Inc. (NASDAQ:JD) were released by: Nasdaq.com and their article: “Earnings Reaction History: JD.COM INC-ADR, 36.4% Follow-Through Indicator, 4.7 …” published on November 13, 2017 as well as Investorplace.com‘s news article titled: “JD.Com Inc(ADR) Stock Is Red-Hot After Singles Day Success” with publication date: November 13, 2017.

Bellecapital International Ltd, which manages about $508.69 million and $114.11M US Long portfolio, decreased its stake in Cisco Sys Inc (NASDAQ:CSCO) by 63,470 shares to 114,646 shares, valued at $3.59M in 2017Q2, according to the filing. It also reduced its holding in Ishares (IBB) by 1,156 shares in the quarter, leaving it with 19,425 shares, and cut its stake in Ishares (FXI).

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