Campbell & CO Investment Adviser LLC Invests $1.46 Million in JD.com, Inc. $JD

Key Points

• Campbell & CO Investment Adviser LLC invested approximately $1.46 million in 35,541 shares of JD.com, Inc. during the 1st quarter.
• Several large investors, including Hexagon Capital Partners and Smithfield Trust Co, also acquired new positions in JD.com during the same period.
• Analysts have recently downgraded JD.com, with Wall Street Zen lowering its rating from "buy" to "hold," and various price objectives have been reduced, affecting investor sentiment.

Campbell & CO Investment Adviser LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 35,541 shares of the information services provider's stock, valued at approximately $1,461,000.

Several other large investors have also modified their holdings of JD. Hexagon Capital Partners LLC purchased a new position in shares of JD.com during the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of JD.com during the 1st quarter worth about $32,000. Wayfinding Financial LLC purchased a new position in shares of JD.com during the 1st quarter worth about $56,000. Farther Finance Advisors LLC lifted its holdings in shares of JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after acquiring an additional 308 shares during the period. Finally, Smithfield Trust Co lifted its holdings in shares of JD.com by 3,451.8% during the 1st quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider's stock worth $82,000 after acquiring an additional 1,933 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen lowered JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. reduced their price objective on 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 reduced their price objective on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Bank of America reduced their price objective on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. Finally, Arete lowered JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, JD.com currently has an average rating of "Moderate Buy" and an average price target of $43.31.

JD.com Stock Performance

Shares of JD opened at $31.99 on Tuesday. The business's 50 day moving average is $32.16 and its two-hundred day moving average is $35.44. 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 $44.68 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 3.62 and a beta of 0.46. 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.

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