Blair William & Co. IL Acquires New Holdings in JD.com, Inc. (NASDAQ:JD)

Blair William & Co. IL acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,291 shares of the information services provider’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CoreView Capital Management Ltd increased its holdings in JD.com by 204.8% during the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock valued at $221,878,000 after buying an additional 4,299,872 shares during the last quarter. Voya Investment Management LLC purchased a new stake in shares of JD.com in the fourth quarter worth $109,665,000. Aspex Management HK Ltd purchased a new stake in shares of JD.com in the fourth quarter worth $93,562,000. Federated Hermes Inc. increased its stake in shares of JD.com by 61.9% in the first quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider’s stock worth $179,862,000 after purchasing an additional 1,671,839 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its stake in shares of JD.com by 112.8% in the first quarter. ANTIPODES PARTNERS Ltd now owns 2,942,624 shares of the information services provider’s stock worth $121,010,000 after purchasing an additional 1,559,749 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of JD.com from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, May 27th. UBS Group cut their target price on shares of JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, July 10th. Macquarie reaffirmed a “neutral” rating and set a $35.00 target price on shares of JD.com in a research note on Wednesday, April 23rd. Morgan Stanley cut their target price on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Finally, Mizuho cut their target price on shares of JD.com from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $43.31.

JD.com Trading Up 3.0%

NASDAQ JD opened at $32.12 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. The company has a market capitalization of $44.86 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 4.07 and a beta of 0.46. The company’s 50-day simple moving average is $32.48 and its two-hundred day simple moving average is $36.03. JD.com, Inc. has a one year low of $25.24 and a one year high of $47.82.

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.