JD.com, Inc. $JD Shares Acquired by Qtron Investments LLC

Key Points

• Qtron Investments LLC increased its stake in JD.com by 26.5%, owning 44,306 shares worth approximately $1.82 million after acquiring an additional 9,286 shares in the first quarter.
• Several other hedge funds have also invested in JD.com, with institutional investors now owning 15.98% of the company's stock.
• Wall Street analysts have set a consensus target price of $43.31 for JD.com, with mixed ratings; one analyst has a sell rating while nine support a buy rating.

Qtron Investments LLC lifted its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 26.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,306 shares of the information services provider's stock after acquiring an additional 9,286 shares during the quarter. Qtron Investments LLC's holdings in JD.com were worth $1,822,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Hexagon Capital Partners LLC bought a new stake in JD.com during the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in JD.com during the first quarter worth approximately $32,000. GeoWealth Management LLC boosted its holdings in JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after buying an additional 785 shares in the last quarter. Wayfinding Financial LLC bought a new stake in JD.com during the first quarter worth approximately $56,000. Finally, Farther Finance Advisors LLC boosted its holdings in JD.com by 23.7% during the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after buying an additional 308 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Price Performance

Shares of JD.com stock opened at $31.70 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $44.27 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 4.13 and a beta of 0.46. JD.com, Inc. has a 1-year low of $25.24 and a 1-year high of $47.82. The firm's 50-day moving average price is $32.40 and its two-hundred day moving average price is $35.81.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective 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 decreased their target price on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, May 15th. 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 note on Tuesday, June 24th. Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Citigroup started coverage on shares of JD.com in a research note on Monday, August 11th. They set a "buy" rating and a $42.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.31.

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.

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