Freestone Capital Holdings LLC Invests $1.09 Million in JD.com, Inc. $JD

Key Points

• Freestone Capital Holdings LLC acquired 26,569 shares of JD.com, Inc., valued at approximately $1,093,000, marking a new investment in the company during Q1.
• Several institutional investors increased their stakes in JD.com, with Invesco Ltd. growing its position by 2.0% and CoreView Capital Management Ltd. boosting ownership by 204.8% in recent quarters.
• JD.com has received mixed analyst ratings, currently holding an average rating of "Moderate Buy" with a consensus target price of $43.31, despite downward revisions from some firms.

Freestone Capital Holdings LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 26,569 shares of the information services provider's stock, valued at approximately $1,093,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Invesco Ltd. boosted its position in shares of JD.com by 2.0% during the 1st quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider's stock worth $633,986,000 after acquiring an additional 295,900 shares in the last quarter. CoreView Capital Management Ltd boosted its position in shares of JD.com by 204.8% during the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock worth $221,878,000 after acquiring an additional 4,299,872 shares in the last quarter. Temasek Holdings Private Ltd boosted its position in shares of JD.com by 18.4% during the 4th quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock worth $160,366,000 after acquiring an additional 718,760 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of JD.com by 61.9% during the 1st quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider's stock worth $179,862,000 after acquiring an additional 1,671,839 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of JD.com by 14.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 3,801,669 shares of the information services provider's stock worth $156,325,000 after acquiring an additional 487,969 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Performance

JD.com stock traded up $0.70 during mid-day trading on Friday, reaching $31.88. 11,991,043 shares of the company were exchanged, compared to its average volume of 9,323,250. JD.com, Inc. has a twelve month low of $25.24 and a twelve month high of $47.82. The firm's 50-day simple moving average is $32.19 and its two-hundred day simple moving average is $35.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 1.22. The firm has a market cap of $44.53 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46.

Analysts Set New Price Targets

Several research firms have recently issued reports on JD. Wall Street Zen cut JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Arete Research cut JD.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 1st. Mizuho decreased their target price on JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. Bank of America decreased their target price on JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Finally, Susquehanna decreased their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $43.31.

JD.com Company 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.