Axiom Investors LLC DE Purchases Shares of 331,480 JD.com, Inc. $JD

Key Points

• Axiom Investors LLC DE has acquired a new position in JD.com, purchasing 331,480 shares worth approximately $13.63 million.
• Other institutional investors are also increasing their stakes in JD.com, with significant raises including Principal Financial Group increasing its position by 1,724.9%.
• Analysts have mixed views on JD.com, with one report lowering the price target to $28.00 while another maintains a buy rating with a price target of $42.00.

Axiom Investors LLC DE acquired a new position in JD.com, Inc. (NASDAQ:JD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 331,480 shares of the information services provider's stock, valued at approximately $13,630,000.

Several other large investors have also modified their holdings of JD. Hexagon Capital Partners LLC purchased a new stake in shares of JD.com in the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC bought a new position in JD.com in the 1st quarter valued at $32,000. Wayfinding Financial LLC bought a new position in JD.com in the 1st quarter valued at $56,000. GeoWealth Management LLC increased its stake in JD.com by 129.1% in the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after purchasing an additional 785 shares during the period. Finally, Farther Finance Advisors LLC lifted 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 during the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Stock Down 0.6%

NASDAQ:JD traded down $0.18 during trading hours on Tuesday, reaching $31.81. The company's stock had a trading volume of 5,593,427 shares, compared to its average volume of 9,889,025. The stock has a 50 day moving average price of $32.13 and a two-hundred day moving average price of $35.42. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. The company has a market capitalization of $44.43 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46. JD.com, Inc. has a 12 month low of $25.61 and a 12 month high of $47.82.

Analyst Upgrades and Downgrades

Several research analysts recently commented on JD shares. Citigroup initiated coverage on shares of JD.com in a research note on Monday, August 11th. They issued a "buy" rating and a $42.00 price target on the stock. Arete Research downgraded shares of JD.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. dropped their price objective on JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. 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. Finally, Benchmark dropped their price target on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.31.

About JD.com

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.