Fluent Financial LLC Has $4.85 Million Stake in JD.com, Inc. $JD

Key Points

• Fluent Financial LLC has significantly increased its stake in JD.com by 94.3%, acquiring an additional 72,167 shares, which brings its total holding to approximately $4.85 million.
• Several institutional investors, including Dodge & Cox and Voya Investment Management LLC, have also increased their stakes in JD.com during the first quarter, indicating growing interest in the stock.
• JD.com's current stock price is around $34.98, with analysts maintaining a consensus rating of "Moderate Buy" and a target price of approximately $42.86.

Fluent Financial LLC increased its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 94.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 148,680 shares of the information services provider's stock after purchasing an additional 72,167 shares during the quarter. JD.com makes up 2.0% of Fluent Financial LLC's investment portfolio, making the stock its 13th largest holding. Fluent Financial LLC's holdings in JD.com were worth $4,853,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Dodge & Cox increased its position in JD.com by 8.0% in the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider's stock worth $742,748,000 after buying an additional 1,339,508 shares during the period. Invesco Ltd. grew its position 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 acquiring an additional 295,900 shares during the period. Voya Investment Management LLC grew its position in JD.com by 63.8% in the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider's stock valued at $213,075,000 after acquiring an additional 2,018,675 shares during the period. Hhlr Advisors LTD. grew 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 valued at $197,857,000 after acquiring an additional 3,121,700 shares during the period. Finally, Alkeon Capital Management LLC boosted its stake in JD.com by 19.8% in the first quarter. Alkeon Capital Management LLC now owns 4,523,802 shares of the information services provider's stock worth $186,019,000 after purchasing an additional 746,530 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

NASDAQ:JD opened at $34.98 on Thursday. The stock has a market cap of $50.11 billion, a P/E ratio of 9.83, a PEG ratio of 3.94 and a beta of 0.39. The stock has a 50 day simple moving average of $32.92 and a 200 day simple moving average of $33.76. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a 1-year low of $29.90 and a 1-year high of $46.44.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group reduced their price objective on JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. Arete Research set a $41.00 target price on JD.com in a research note on Friday, September 26th. Zacks Research upgraded JD.com from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Bank of America decreased their price objective on JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a report on Monday, July 14th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of JD.com in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and an average target price of $42.86.

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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