331,480 Shares in JD.com, Inc. $JD Acquired by Axiom Investors LLC DE

Key Points

• Axiom Investors LLC DE has acquired 331,480 shares in JD.com, Inc., valued at approximately $13.63 million, as part of their first quarter investment strategy.
• Analysts have recently dropped their price targets for JD.com, with UBS reducing their target from $58 to $50, indicating mixed sentiments about the stock's performance.
• JD.com shares opened at $31.45 on Monday, with a market capitalization of $43.92 billion and a PE ratio of 8.83, reflecting its current valuation metrics.

Axiom Investors LLC DE acquired a new position in JD.com, Inc. (NASDAQ:JD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 331,480 shares of the information services provider's stock, valued at approximately $13,630,000.

Other large investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC acquired a new position in shares of JD.com during the first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of JD.com during the first quarter worth $32,000. Wayfinding Financial LLC acquired a new position in shares of JD.com during the first quarter worth $56,000. Farther Finance Advisors LLC increased its position in shares of JD.com by 23.7% during the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after purchasing an additional 308 shares in the last quarter. Finally, Smithfield Trust Co increased its position in shares of JD.com by 3,451.8% during the first quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider's stock worth $82,000 after purchasing an additional 1,933 shares in the last quarter. Institutional investors own 15.98% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on JD shares. UBS Group reduced their price target on JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, July 10th. Arete downgraded JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Tuesday, June 24th. Susquehanna cut their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, May 15th. Wall Street Zen downgraded JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.31.

JD.com Trading Up 1.7%

Shares of JD.com stock opened at $31.45 on Monday. The firm has a market capitalization of $43.92 billion, a PE ratio of 8.83, a P/E/G ratio of 3.53 and a beta of 0.36. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a twelve month low of $25.61 and a twelve month high of $47.82. The firm's 50-day moving average price is $31.91 and its 200 day moving average price is $34.86.

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.

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