Federated Hermes Inc. Boosts Holdings in JD.com, Inc. (NASDAQ:JD)

Key Points

• Federated Hermes Inc. has increased its stake in JD.com, Inc. by 61.9% during the first quarter, acquiring an additional 1,671,839 shares to bring its total ownership to 4,374,070 shares, valued at approximately $179.9 million.
• Several institutional investors have also raised their positions in JD.com, with notable increases from Parallel Advisors LLC (5.9%) and Farther Finance Advisors LLC (23.7%) during the same period.
• JD.com currently has a market capitalization of $46.40 billion and has witnessed fluctuations in analyst ratings, with the consensus rating being a Moderate Buy and an average target price of $44.00.

Federated Hermes Inc. boosted its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 61.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,374,070 shares of the information services provider's stock after purchasing an additional 1,671,839 shares during the period. Federated Hermes Inc. owned about 0.28% of JD.com worth $179,862,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of JD. Hexagon Capital Partners LLC acquired a new stake in JD.com during the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in JD.com during the first quarter worth approximately $32,000. GeoWealth Management LLC lifted its position in JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after acquiring an additional 785 shares during the last quarter. Allianz SE acquired a new stake in JD.com during the fourth quarter worth approximately $52,000. Finally, Wayfinding Financial LLC acquired a new stake in JD.com during the first quarter worth approximately $56,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Wall Street Zen cut shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Macquarie reissued a "neutral" rating and issued a $35.00 price objective on shares of JD.com in a research note on Wednesday, April 23rd. UBS Group cut their target price on shares of JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, July 10th. Finally, Citigroup restated a "buy" rating and issued a $51.00 target price (down previously from $56.00) on shares of JD.com in a research report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $44.00.

JD.com Stock Performance

JD traded down $1.00 during midday trading on Tuesday, reaching $32.22. The company had a trading volume of 11,091,745 shares, compared to its average volume of 9,231,818. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. The stock has a market cap of $45.00 billion, a PE ratio of 7.84, a P/E/G ratio of 4.35 and a beta of 0.48. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The business has a 50-day moving average price of $32.75 and a two-hundred day moving average price of $36.44.

JD.com Company 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.