B. Metzler seel. Sohn & Co. AG Grows Stake in JD.com, Inc. $JD

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in JD.com by 80.9% during the first quarter, acquiring an additional 10,735 shares, bringing its total holdings to 23,997 shares valued at approximately $987,000.
• In addition, Cerity Partners LLC raised its stake in JD.com by 33.1%, and several other institutional investors have also increased their holdings, indicating strong institutional interest in the company.
• JD.com's stock currently has a market capitalization of $43.39 billion and is trading around $31.07, with a consensus analyst rating of "Moderate Buy" and a target price of $43.31.

B. Metzler seel. Sohn & Co. AG lifted its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 80.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,997 shares of the information services provider's stock after buying an additional 10,735 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in JD.com were worth $987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC boosted its stake in shares of JD.com by 33.1% in the 1st quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider's stock worth $1,092,000 after buying an additional 6,611 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of JD.com in the 1st quarter worth $1,900,000. Temasek Holdings Private Ltd raised its holdings in JD.com by 18.4% in the 4th quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock worth $160,366,000 after purchasing an additional 718,760 shares during the period. Principal Financial Group Inc. raised its holdings in JD.com by 1,724.9% in the 1st quarter. Principal Financial Group Inc. now owns 694,199 shares of the information services provider's stock worth $28,545,000 after purchasing an additional 656,158 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in JD.com by 45.0% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 38,878 shares of the information services provider's stock worth $1,608,000 after purchasing an additional 12,071 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

NASDAQ:JD opened at $31.07 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The business's 50-day simple moving average is $32.05 and its two-hundred day simple moving average is $35.21. The stock has a market cap of $43.39 billion, a PE ratio of 8.73, a P/E/G ratio of 3.53 and a beta of 0.46. JD.com, Inc. has a 52 week low of $25.61 and a 52 week high of $47.82.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JD. Citigroup began coverage on JD.com in a report on Monday, August 11th. They issued a "buy" rating and a $42.00 target price on the stock. Arete cut JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price on the stock. in a report on Tuesday, June 24th. Benchmark decreased their target price on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Monday, July 21st. JPMorgan Chase & Co. decreased their target price on JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. Finally, Bank of America decreased their target price on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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