JD.com, Inc. $JD Stock Position Lowered by Alden Global Capital LLC

Key Points

• Alden Global Capital LLC reduced its position in JD.com by 14.1%, holding 134,536 shares valued at approximately $5.53 million, making it the fund's 7th biggest position.
• Several institutional investors increased their stakes in JD.com during the first quarter, with notable increases from Farther Finance Advisors LLC (23.7%) and Compagnie Lombard Odier SCmA (21.4%).
• JD.com's stock has received various analyst ratings, with a consensus rating of "Moderate Buy" and an average price target of $43.31, despite some analysts lowering their price targets recently.

Alden Global Capital LLC cut its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 14.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 134,536 shares of the information services provider's stock after selling 22,101 shares during the quarter. JD.com accounts for about 5.9% of Alden Global Capital LLC's portfolio, making the stock its 7th largest holding. Alden Global Capital LLC's holdings in JD.com were worth $5,532,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CoreView Capital Management Ltd grew its position in JD.com by 204.8% during the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock valued at $221,878,000 after buying an additional 4,299,872 shares during the period. Hhlr Advisors LTD. boosted its position in JD.com by 184.7% during the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider's stock worth $197,857,000 after purchasing an additional 3,121,700 shares in the last quarter. Federated Hermes Inc. grew its holdings in JD.com by 61.9% in the first quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider's stock valued at $179,862,000 after purchasing an additional 1,671,839 shares during the period. ANTIPODES PARTNERS Ltd grew its holdings in JD.com by 112.8% in the first quarter. ANTIPODES PARTNERS Ltd now owns 2,942,624 shares of the information services provider's stock valued at $121,010,000 after purchasing an additional 1,559,749 shares during the period. Finally, Dodge & Cox increased its position in shares of JD.com by 8.0% in the first quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider's stock valued at $742,748,000 after buying an additional 1,339,508 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Trading Up 1.7%

JD.com stock traded up $0.52 during trading on Friday, reaching $31.45. 13,854,012 shares of the company were exchanged, compared to its average volume of 11,344,213. The stock's 50 day simple moving average is $31.91 and its two-hundred day simple moving average is $34.93. The company has a market capitalization of $43.92 billion, a P/E ratio of 8.83, a PEG ratio of 3.47 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. JD.com, Inc. has a 52-week low of $25.61 and a 52-week high of $47.82.

Analysts Set New Price Targets

JD has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Arete Research lowered shares of JD.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 1st. Susquehanna reduced their price target on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Citigroup began 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. Finally, Wall Street Zen lowered JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. One investment 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.