Amundi Sells 23,854 Shares of JD.com, Inc. $JD

Key Points

• Amundi has reduced its stake in JD.com, Inc. by 2.9% in the first quarter, bringing its total ownership to approximately 810,453 shares valued at $32.34 million.
• Multiple institutional investors have increased their holdings in JD.com, with Dodge & Cox raising its stake by 8% and Hhlr Advisors LTD boosting its position by 184.7% during the same period.
• Wall Street analysts have issued varied ratings on JD.com, with a consensus rating of "Moderate Buy" and an average target price of $43.31 after recent adjustments, reflecting mixed sentiments about the company's growth potential.

Amundi decreased its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 2.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 810,453 shares of the information services provider's stock after selling 23,854 shares during the quarter. Amundi owned approximately 0.05% of JD.com worth $32,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC purchased a new stake in JD.com in the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in JD.com in the 1st quarter worth approximately $32,000. Wayfinding Financial LLC purchased a new stake in JD.com in the 1st quarter worth approximately $56,000. Farther Finance Advisors LLC lifted its position in JD.com by 23.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after buying an additional 308 shares in the last quarter. Finally, Smithfield Trust Co lifted its position in JD.com by 3,451.8% in the 1st quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider's stock worth $82,000 after buying an additional 1,933 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JD shares. JPMorgan Chase & Co. dropped their price target on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Benchmark dropped their price target on shares of JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Zacks Research upgraded shares of JD.com from a "strong sell" rating to a "hold" rating in a research note on Monday. Arete Research lowered shares of JD.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 1st. Finally, Bank of America dropped their price target on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.31.

JD.com Stock Performance

NASDAQ JD traded down $0.55 during midday trading on Wednesday, hitting $33.32. The company had a trading volume of 19,948,146 shares, compared to its average volume of 12,608,099. The firm has a fifty day simple moving average of $31.93 and a two-hundred day simple moving average of $34.78. The stock has a market cap of $46.54 billion, a price-to-earnings ratio of 9.36, a P/E/G ratio of 3.68 and a beta of 0.36. JD.com, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

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.