BI Asset Management Fondsmaeglerselskab A S Makes New $1.90 Million Investment in JD.com, Inc. $JD

Key Points

• BI Asset Management Fondsmaeglerselskab A S has made a new investment of approximately $1.90 million in JD.com, purchasing 46,195 shares.
• Various institutional investors, including CoreView Capital Management and Voya Investment Management, have significantly increased their stakes in JD.com, leading to a total of 15.98% of the stock owned by such investors.
• Analysts have mixed views on JD.com, with recent ratings showing one "Strong Buy," nine "Buy," and one "Sell," and a consensus target price of $43.31.

BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 46,195 shares of the information services provider's stock, valued at approximately $1,900,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JD. CoreView Capital Management Ltd grew 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 during the period. Voya Investment Management LLC acquired a new stake in JD.com during the 4th quarter worth about $109,665,000. Aspex Management HK Ltd acquired a new stake in JD.com during the 4th quarter worth about $93,562,000. Federated Hermes Inc. grew 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 during the period. Finally, ANTIPODES PARTNERS Ltd grew its position in JD.com by 112.8% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 2,942,624 shares of the information services provider's stock worth $121,010,000 after purchasing an additional 1,559,749 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JD has been the topic of several analyst reports. Benchmark cut their price target on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Citigroup began coverage on shares of JD.com in a research report on Monday, August 11th. They issued a "buy" rating and a $42.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. UBS Group decreased their price objective on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Finally, Wall Street Zen downgraded shares of JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.31.

JD.com Stock Up 0.0%

Shares of NASDAQ JD opened at $31.18 on Friday. The company's 50-day simple moving average is $32.21 and its 200-day simple moving average is $35.62. JD.com, Inc. has a 52-week low of $25.24 and a 52-week high of $47.82. The firm has a market cap of $43.55 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. The company has a quick ratio of 0.92, 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.

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