Carmignac Gestion Has $19.06 Million Position in JD.com, Inc. $JD

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Carmignac Gestion boosted its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 463,364 shares of the information services provider's stock after buying an additional 8,217 shares during the period. Carmignac Gestion's holdings in JD.com were worth $19,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cerity Partners LLC increased its position in shares of JD.com by 33.1% during the first quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider's stock valued at $1,092,000 after purchasing an additional 6,611 shares during the period. Temasek Holdings Private Ltd increased its position in shares of JD.com by 18.4% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after purchasing an additional 718,760 shares during the period. Principal Financial Group Inc. increased its position in shares of JD.com by 1,724.9% during the first quarter. Principal Financial Group Inc. now owns 694,199 shares of the information services provider's stock valued at $28,545,000 after purchasing an additional 656,158 shares during the period. Spire Wealth Management increased its position in shares of JD.com by 706.6% during the first quarter. Spire Wealth Management now owns 8,985 shares of the information services provider's stock valued at $369,000 after purchasing an additional 7,871 shares during the period. Finally, Matthews International Capital Management LLC increased its position in shares of JD.com by 974.5% during the first quarter. Matthews International Capital Management LLC now owns 113,931 shares of the information services provider's stock valued at $4,685,000 after purchasing an additional 103,328 shares during the period. 15.98% of the stock is currently owned by institutional investors.

JD.com Price Performance

JD stock traded up $0.70 during trading on Friday, hitting $31.88. The company had a trading volume of 11,991,043 shares, compared to its average volume of 9,323,250. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. The company has a market cap of $44.53 billion, a P/E ratio of 8.96, a P/E/G ratio of 3.54 and a beta of 0.46. The company has a fifty day moving average price of $32.19 and a two-hundred day moving average price of $35.56. JD.com, Inc. has a fifty-two week low of $25.24 and a fifty-two week high of $47.82.

Analyst Ratings Changes

A number of analysts have recently issued reports on JD shares. Wall Street Zen cut JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Bank of America lowered their price objective on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. Morgan Stanley decreased their price target on JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Susquehanna decreased their price target on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, May 15th. Finally, Arete Research lowered JD.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $43.31.

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.