Groupama Asset Managment Buys 16,360 Shares of JD.com, Inc. $JD

Key Points

• Groupama Asset Managment increased its stake in JD.com, Inc. by 64.0% in the first quarter, resulting in a total holding worth approximately $1.74 million.
• Multiple institutional investors, including Invesco Ltd. and CoreView Capital Management Ltd, have significantly increased their holdings in JD.com, showing strong institutional confidence in the stock.
• Analyst ratings for JD.com show mixed opinions, with targets varying from $35.00 to $50.00, while the stock currently holds a consensus rating of "Moderate Buy".

Groupama Asset Managment boosted its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 64.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,924 shares of the information services provider's stock after purchasing an additional 16,360 shares during the quarter. Groupama Asset Managment's holdings in JD.com were worth $1,743,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in shares of JD.com by 5.9% in the first quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock valued at $223,000 after buying an additional 304 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of JD.com by 23.7% in the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock valued at $66,000 after buying an additional 308 shares during the period. Lakeshore Capital Group Inc. lifted its position in shares of JD.com by 2.4% in the first quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock worth $556,000 after purchasing an additional 322 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its position in shares of JD.com by 21.4% in the first quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider's stock worth $93,000 after purchasing an additional 400 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of JD.com by 7.7% in the first quarter. Rehmann Capital Advisory Group now owns 6,597 shares of the information services provider's stock worth $271,000 after purchasing an additional 474 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

Analyst Upgrades and Downgrades

JD has been the topic of a number of research reports. Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Bank of America cut their price objective on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. UBS Group cut their price objective 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. Benchmark cut their price objective on shares of 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, Citigroup initiated coverage on shares of JD.com in a research report on Monday, August 11th. They issued a "buy" rating and a $42.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.31.

JD.com Price Performance

JD.com stock traded up $0.70 during trading hours on Friday, reaching $31.88. 11,991,043 shares of the stock were exchanged, compared to its average volume of 9,323,250. The company has a market cap of $44.53 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a twelve month low of $25.24 and a twelve month high of $47.82. The stock has a 50 day moving average of $32.19 and a two-hundred day moving average of $35.56.

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.