Banque Cantonale Vaudoise Makes New $1.99 Million Investment in JD.com, Inc. (NASDAQ:JD)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in JD.com, Inc. during the 1st quarter, purchasing 48,281 shares valued at approximately $1,986,000.
• Several hedge funds have modified their holdings in JD.com recently, with institutional investors owning 15.98% of the company's stock.
• Analysts have issued mixed reviews on JD.com, with target prices ranging from $35.00 to $50.00, and an average rating of "Moderate Buy."

Banque Cantonale Vaudoise bought a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 48,281 shares of the information services provider's stock, valued at approximately $1,986,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in JD. FMR LLC increased its position in JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after purchasing an additional 13,170,649 shares in the last quarter. CoreView Capital Management Ltd increased its position in JD.com by 204.8% during the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock worth $221,878,000 after purchasing an additional 4,299,872 shares in the last quarter. Temasek Holdings Private Ltd increased its position in JD.com by 18.4% during 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 in the last quarter. Federated Hermes Inc. increased its position in JD.com by 61.9% during the 1st quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider's stock worth $179,862,000 after purchasing an additional 1,671,839 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in JD.com by 14.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 3,801,669 shares of the information services provider's stock worth $156,325,000 after purchasing an additional 487,969 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Down 1.8%

NASDAQ JD traded down $0.58 on Friday, hitting $30.91. 11,457,444 shares of the company were exchanged, compared to its average volume of 9,756,186. The company has a market cap of $43.17 billion, a PE ratio of 7.52, a PEG ratio of 4.12 and a beta of 0.46. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The stock has a fifty day moving average of $32.67 and a 200-day moving average of $36.40. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Arete Research raised shares of JD.com to a "hold" rating in a report on Tuesday, June 24th. Mizuho reduced their target price on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Susquehanna reduced their target price on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th. Bank of America reduced their target price on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, July 14th. Finally, Macquarie reissued a "neutral" rating and set a $35.00 target price on shares of JD.com in a report on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.00.

JD.com 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.