Aberdeen Group plc Has $1 Million Stake in JD.com, Inc. $JD

Key Points

• Aberdeen Group plc increased its stake in JD.com by 36.3%, owning approximately 30,722 shares valued at around $1 million.
• Institutional investors collectively own 15.98% of JD.com's stock, with significant boosts from firms like Dodge & Cox and Voya Investment Management.
• JD.com has received mixed ratings from analysts, with a consensus price target of $42.86 and a current stock price of $33.07.

Aberdeen Group plc increased its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 36.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,722 shares of the information services provider's stock after purchasing an additional 8,180 shares during the quarter. Aberdeen Group plc's holdings in JD.com were worth $1,003,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Dodge & Cox boosted its stake in JD.com by 8.0% in the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider's stock worth $742,748,000 after purchasing an additional 1,339,508 shares during the period. Invesco Ltd. increased its position in JD.com by 2.0% during the first quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider's stock worth $633,986,000 after buying an additional 295,900 shares during the last quarter. Voya Investment Management LLC raised its stake in JD.com by 63.8% in the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider's stock valued at $213,075,000 after acquiring an additional 2,018,675 shares during the period. Hhlr Advisors LTD. boosted its holdings in shares of JD.com by 184.7% during the 1st quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider's stock worth $197,857,000 after buying an additional 3,121,700 shares during the period. Finally, Alkeon Capital Management LLC increased its position in JD.com by 19.8% during the first quarter. Alkeon Capital Management LLC now owns 4,523,802 shares of the information services provider's stock worth $186,019,000 after acquiring an additional 746,530 shares during the period. Institutional investors own 15.98% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Benchmark cut their price objective on shares of JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Arete Research set a $41.00 price target on shares of JD.com in a research report on Friday, September 26th. Zacks Research raised shares of JD.com from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Arete raised JD.com from a "sell" rating to a "buy" rating and set a $41.00 target price on the stock in a report on Friday, September 26th. Finally, Morgan Stanley decreased their price target on 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, JD.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.86.

JD.com Stock Performance

NASDAQ JD opened at $33.07 on Friday. The company has a market cap of $47.37 billion, a P/E ratio of 9.29, a PEG ratio of 3.57 and a beta of 0.39. The company has a fifty day simple moving average of $33.14 and a 200 day simple moving average of $33.34. 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 12-month low of $29.90 and a 12-month high of $46.44.

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.

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