Causeway Capital Management LLC Buys 286,142 Shares of JD.com, Inc. $JD

Key Points

• Causeway Capital Management LLC has increased its stake in JD.com by 18.9%, now holding approximately 1,797,234 shares, which makes up 1.5% of its total holdings.
• Several other institutional investors, including Principal Financial Group Inc. and Spire Wealth Management, have also significantly increased their positions in JD.com, reflecting growing interest in the stock.
• Recent analyst ratings show a consensus of "Moderate Buy" for JD.com, with price targets ranging from $37.00 to $58.00, but some downgrades have occurred, indicating mixed market sentiment.

Causeway Capital Management LLC lifted its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 18.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,797,234 shares of the information services provider's stock after purchasing an additional 286,142 shares during the period. JD.com accounts for about 1.5% of Causeway Capital Management LLC's portfolio, making the stock its 13th biggest position. Causeway Capital Management LLC owned 0.11% of JD.com worth $73,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JD. Brighton Jones LLC bought a new position in JD.com in the fourth quarter worth approximately $270,000. Raymond James Financial Inc. purchased a new stake in shares of JD.com in the fourth quarter worth approximately $2,363,000. Mariner LLC increased its position in shares of JD.com by 27.4% during the fourth quarter. Mariner LLC now owns 27,934 shares of the information services provider's stock valued at $968,000 after acquiring an additional 6,005 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of JD.com by 51.2% during the fourth quarter. NewEdge Advisors LLC now owns 11,077 shares of the information services provider's stock valued at $384,000 after acquiring an additional 3,750 shares during the last quarter. Finally, IHT Wealth Management LLC purchased a new stake in shares of JD.com during the fourth quarter valued at approximately $287,000. Institutional investors own 15.98% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley decreased their price target on JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. UBS Group reduced their price objective on JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, July 10th. Wall Street Zen lowered JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Benchmark cut their price target on JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a report on Monday, July 21st. Finally, Arete Research lowered JD.com from a "hold" rating to a "strong sell" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, JD.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.31.

JD.com Price Performance

NASDAQ JD traded up $0.68 during trading hours on Friday, reaching $31.07. 18,766,938 shares of the stock traded hands, compared to its average volume of 12,401,621. The company has a market cap of $43.39 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 3.50 and a beta of 0.46. The stock has a 50 day simple moving average of $32.06 and a two-hundred day simple moving average of $35.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. JD.com, Inc. has a 1 year low of $25.61 and a 1 year high of $47.82.

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.