Exchange Traded Concepts LLC Increases Holdings in JD.com, Inc. $JD

Key Points

• Exchange Traded Concepts LLC has increased its holdings in JD.com by 42.6%, owning a total of 115,817 shares worth approximately $3.78 million after acquiring an additional 34,585 shares in the second quarter.
• Several institutional investors have recently invested in JD.com, indicating growing interest, with 15.98% of the company's stock now owned by such investors.
• Analysts have mixed views on JD.com, with Bank of America lowering its price target from $44.00 to $37.00 while others have maintained or adjusted ratings, resulting in an average target price of $43.31.

Exchange Traded Concepts LLC increased its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 42.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 115,817 shares of the information services provider's stock after purchasing an additional 34,585 shares during the quarter. Exchange Traded Concepts LLC's holdings in JD.com were worth $3,780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hhlr Advisors LTD. increased its position in JD.com by 184.7% in the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider's stock worth $197,857,000 after buying an additional 3,121,700 shares during the last quarter. Voya Investment Management LLC increased its holdings in JD.com by 63.8% in the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider's stock worth $213,075,000 after acquiring an additional 2,018,675 shares during the last quarter. Federated Hermes Inc. increased its holdings in JD.com by 61.9% in the 1st quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider's stock worth $179,862,000 after acquiring an additional 1,671,839 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its stake in JD.com by 112.8% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 2,942,624 shares of the information services provider's stock valued at $121,010,000 after acquiring an additional 1,559,749 shares during the period. Finally, Dodge & Cox lifted its holdings in JD.com by 8.0% during the first quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider's stock valued at $742,748,000 after purchasing an additional 1,339,508 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Down 3.3%

JD traded down $1.17 during trading on Monday, hitting $33.93. 21,287,939 shares of the company's stock traded hands, compared to its average volume of 13,154,253. The stock has a market capitalization of $47.39 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 3.94 and a beta of 0.36. The company's 50 day simple moving average is $32.34 and its two-hundred day simple moving average is $34.33. JD.com, Inc. has a 12-month low of $29.09 and a 12-month high of $47.82. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JD. Arete Research downgraded shares of JD.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 1st. Arete downgraded shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price objective for the company. in a report on Tuesday, June 24th. Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Benchmark dropped their target price 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. Finally, UBS Group reduced their price target on JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.