Boston Partners Acquires 87,904 Shares of JD.com, Inc. $JD

Key Points

• Boston Partners has increased its holdings in JD.com, Inc. by 86.5%, resulting in a total investment worth $7.79 million.
• Recent analyst ratings for JD.com have seen price targets adjusted downwards by firms such as Morgan Stanley and JP Morgan, indicating a market shift for the stock.
• JD.com's stock is currently trading around $31.70, with a market cap of approximately $44.27 billion and a PE ratio of 8.90.

Boston Partners boosted its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 86.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,502 shares of the information services provider's stock after purchasing an additional 87,904 shares during the period. Boston Partners' holdings in JD.com were worth $7,792,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Invesco Ltd. lifted its stake in JD.com by 2.0% in the first quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider's stock valued at $633,986,000 after purchasing an additional 295,900 shares during the last quarter. CoreView Capital Management Ltd raised its holdings 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 valued at $221,878,000 after acquiring an additional 4,299,872 shares during the period. Temasek Holdings Private Ltd raised its holdings 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 valued at $160,366,000 after acquiring an additional 718,760 shares during the period. Federated Hermes Inc. raised its holdings 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 valued at $179,862,000 after acquiring an additional 1,671,839 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings 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 valued at $156,325,000 after acquiring an additional 487,969 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Trading Down 0.4%

NASDAQ JD traded down $0.1160 during trading on Wednesday, hitting $31.1240. 3,814,604 shares of the company's stock traded hands, compared to its average volume of 12,382,179. The stock has a fifty day moving average of $32.31 and a two-hundred day moving average of $35.72. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.92. JD.com, Inc. has a 12-month low of $25.24 and a 12-month high of $47.82. The firm has a market cap of $43.47 billion, a P/E ratio of 8.74, a PEG ratio of 3.61 and a beta of 0.46.

Analysts Set New Price Targets

JD has been the topic of a number of analyst reports. Arete Research cut shares of JD.com from a "hold" rating to a "strong sell" rating in a report on Friday, August 1st. Mizuho lowered 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. Macquarie reissued a "neutral" rating and set a $35.00 target price on shares of JD.com in a report on Wednesday, April 23rd. Bank of America lowered 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, JPMorgan Chase & Co. decreased their price target on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, JD.com presently has an average rating of "Moderate Buy" and an average price target of $43.31.

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.