JD.com, Inc. $JD Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB boosted its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 2.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 624,424 shares of the information services provider's stock after purchasing an additional 13,755 shares during the period. Nordea Investment Management AB's holdings in JD.com were worth $20,291,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its holdings in JD.com by 42.6% in the 2nd quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider's stock valued at $3,780,000 after purchasing an additional 34,585 shares during the last quarter. Royal Bank of Canada grew its stake in shares of JD.com by 4.5% in the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider's stock worth $14,241,000 after acquiring an additional 15,000 shares in the last quarter. Range Financial Group LLC grew its stake in shares of JD.com by 38.0% in the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider's stock worth $1,532,000 after acquiring an additional 12,920 shares in the last quarter. Cerity Partners LLC grew its stake in shares of JD.com by 33.1% in the first quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider's stock worth $1,092,000 after acquiring an additional 6,611 shares in the last quarter. Finally, Polunin Capital Partners Ltd grew its stake in shares of JD.com by 1.8% in the second quarter. Polunin Capital Partners Ltd now owns 2,037,856 shares of the information services provider's stock worth $66,638,000 after acquiring an additional 35,747 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

Analyst Ratings Changes

JD has been the subject of several research reports. Morgan Stanley dropped 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 research note on Thursday, July 10th. Arete upgraded shares of JD.com from a "sell" rating to a "buy" rating and set a $41.00 price target for the company in a research note on Friday, September 26th. Arete Research set a $41.00 target price on shares of JD.com in a research note on Friday, September 26th. Benchmark lowered their target price on shares of JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of JD.com in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.86.

JD.com Price Performance

Shares of JD opened at $33.07 on Monday. JD.com, Inc. has a 1-year low of $29.90 and a 1-year high of $46.44. The stock has a market cap of $47.37 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 3.61 and a beta of 0.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. The firm has a fifty day moving average price of $33.14 and a 200 day moving average price of $33.24.

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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