Acadian Asset Management LLC Has $14.41 Million Stock Holdings in JD.com, Inc. $JD

Key Points

• Acadian Asset Management LLC significantly increased its holdings in JD.com by 900.3%, now owning over 350,365 shares valued at approximately $14.41 million.
• Institutional investors collectively own 15.98% of JD.com's stock, with several firms making new purchases or increasing their positions in the first quarter of the year.
• Recent analyst ratings on JD.com show a mix of opinions, with one Strong Buy, nine Buy, five Hold, and one Sell rating, resulting in a consensus rating of "Moderate Buy" and an average target price of $43.31.

Acadian Asset Management LLC lifted its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 900.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,365 shares of the information services provider's stock after buying an additional 315,339 shares during the period. Acadian Asset Management LLC's holdings in JD.com were worth $14,406,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hexagon Capital Partners LLC purchased a new position in JD.com in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of JD.com in the 1st quarter valued at approximately $32,000. Wayfinding Financial LLC bought a new stake in JD.com in the first quarter worth approximately $56,000. Farther Finance Advisors LLC raised its holdings in shares of JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock valued at $66,000 after purchasing an additional 308 shares in the last quarter. Finally, Smithfield Trust Co raised its holdings in 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 valued at $82,000 after buying an additional 1,933 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Trading Up 3.2%

JD.com stock opened at $34.40 on Friday. 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 business's 50-day simple moving average is $32.00 and its 200-day simple moving average is $34.74. The firm has a market capitalization of $48.04 billion, a PE ratio of 9.66, a PEG ratio of 3.74 and a beta of 0.36. JD.com, Inc. has a 52 week low of $26.12 and a 52 week high of $47.82.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JD. UBS Group decreased their price target on JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, July 10th. Arete Research cut JD.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 1st. Arete downgraded JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price target on the stock. in a report on Tuesday, June 24th. Susquehanna lowered their price target on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th. Finally, Zacks Research upgraded JD.com from a "strong sell" rating to a "hold" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.

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