GQG Partners LLC Raises Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Key Points

• GQG Partners LLC significantly increased its stake in JD.com by 770.9%, acquiring an additional 1,115,607 shares, bringing its total ownership to approximately $51.8 million.
• JD.com shares have seen varied analyst ratings, with target prices ranging from $28.00 to $58.00, and the company holds an average rating of "Moderate Buy."
• JD.com has a market capitalization of $44.86 billion and its stock price recently opened at $32.12, reflecting a P/E ratio of 7.82.

GQG Partners LLC raised its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 770.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,260,326 shares of the information services provider's stock after buying an additional 1,115,607 shares during the quarter. GQG Partners LLC owned about 0.08% of JD.com worth $51,825,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in JD. Russell Investments Group Ltd. grew its position in JD.com by 4.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,991,368 shares of the information services provider's stock valued at $82,069,000 after buying an additional 81,270 shares during the last quarter. Todd Asset Management LLC lifted its position in shares of JD.com by 35.1% during the first quarter. Todd Asset Management LLC now owns 880,266 shares of the information services provider's stock worth $36,197,000 after purchasing an additional 228,884 shares in the last quarter. Invesco Ltd. grew its holdings in JD.com by 2.0% during the 1st quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider's stock worth $633,986,000 after acquiring an additional 295,900 shares in the last quarter. National Bank of Canada FI grew its position in shares of JD.com by 31,305.3% in the 1st quarter. National Bank of Canada FI now owns 1,095,731 shares of the information services provider's stock worth $45,056,000 after acquiring an additional 1,092,242 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in JD.com by 32.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,210,884 shares of the information services provider's stock valued at $132,032,000 after purchasing an additional 777,914 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JD has been the topic of several research analyst reports. Arete cut JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research note on Tuesday, June 24th. Morgan Stanley reduced their price target on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. JPMorgan Chase & Co. cut their price target on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. Susquehanna lowered their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, May 15th. Finally, Wall Street Zen lowered JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $43.31.

JD.com Trading Up 0.4%

Shares of JD traded up $0.12 during mid-day trading on Friday, hitting $31.70. 14,033,099 shares of the company's stock traded hands, compared to its average volume of 10,132,678. The firm has a market capitalization of $44.27 billion, a P/E ratio of 8.90, a PEG ratio of 4.12 and a beta of 0.46. The business's 50-day moving average price is $32.43 and its 200-day moving average price is $35.95. JD.com, Inc. has a 1 year low of $25.24 and a 1 year high of $47.82. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18.

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.