JD.com, Inc. (NASDAQ:JD) Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in JD.com by 2.0%, owning approximately 15.4 million shares valued at around $634 million as of the end of Q1.
• JD.com has a current market cap of $43.98 billion and a P/E ratio of 7.66, indicating significant interest from institutional investors.
• Wall Street analysts have mixed ratings on JD.com, with an average target price of $44.00 and a consensus rating of "Moderate Buy."

Invesco Ltd. boosted its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,417,939 shares of the information services provider's stock after purchasing an additional 295,900 shares during the period. Invesco Ltd. owned about 0.98% of JD.com worth $633,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JD. CoreView Capital Management Ltd lifted its position in shares of JD.com by 204.8% during the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock worth $221,878,000 after buying an additional 4,299,872 shares in the last quarter. Voya Investment Management LLC purchased a new position in JD.com in the 4th quarter valued at approximately $109,665,000. Aspex Management HK Ltd purchased a new position in JD.com in the 4th quarter valued at approximately $93,562,000. Federated Hermes Inc. grew its position in shares of JD.com by 61.9% during the 1st quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider's stock valued at $179,862,000 after purchasing an additional 1,671,839 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd grew its position in shares of JD.com by 112.8% during 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 purchasing an additional 1,559,749 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JD. Arete lowered shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price for the company. in a research report on Tuesday, June 24th. Mizuho reduced their price target on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 14th. Macquarie restated a "neutral" rating and issued a $35.00 price objective on shares of JD.com in a report on Wednesday, April 23rd. Benchmark lowered 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, Susquehanna decreased their price target on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and an average target price of $43.31.

JD.com Price Performance

NASDAQ JD traded up $0.94 during trading hours on Tuesday, reaching $32.12. The company's stock had a trading volume of 8,371,632 shares, compared to its average volume of 9,461,791. JD.com, Inc. has a fifty-two week low of $25.24 and a fifty-two week high of $47.82. The stock has a market cap of $44.86 billion, a PE ratio of 7.82, a PEG ratio of 4.07 and a beta of 0.46. The company's 50-day moving average is $32.48 and its two-hundred day moving average is $36.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26.

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.