Perpetual Ltd Grows Holdings in JD.com, Inc. $JD

Key Points

• Perpetual Ltd increased its stake in JD.com by 2.4%, now holding 572,843 shares valued at approximately $18.7 million.
• Several hedge funds have recently acquired new positions or expanded their stakes in JD.com, with institutional investors currently owning 15.98% of the stock.
• Analysts have downgraded JD.com’s ratings, with Arete Research defining the stock as a "strong sell" and setting a consensus price target of $43.31.

Perpetual Ltd lifted its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 572,843 shares of the information services provider's stock after acquiring an additional 13,587 shares during the quarter. Perpetual Ltd's holdings in JD.com were worth $18,698,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JD. Hhlr Advisors LTD. lifted its holdings in shares of JD.com by 184.7% in the 1st quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider's stock worth $197,857,000 after acquiring an additional 3,121,700 shares during the last quarter. Voya Investment Management LLC increased its stake in JD.com by 63.8% during the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider's stock worth $213,075,000 after buying an additional 2,018,675 shares during the period. Federated Hermes Inc. increased its stake in 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 worth $179,862,000 after buying an additional 1,671,839 shares during the period. ANTIPODES PARTNERS Ltd increased its stake in 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 worth $121,010,000 after buying an additional 1,559,749 shares during the period. Finally, Dodge & Cox increased its stake in JD.com by 8.0% during the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider's stock worth $742,748,000 after buying an additional 1,339,508 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of JD stock traded down $0.28 during mid-day trading on Friday, hitting $35.10. The stock had a trading volume of 28,864,982 shares, compared to its average volume of 17,639,228. JD.com, Inc. has a fifty-two week low of $28.39 and a fifty-two week high of $47.82. The firm has a market cap of $49.02 billion, a PE ratio of 9.86, a PEG ratio of 3.94 and a beta of 0.36. 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 company's 50-day simple moving average is $32.34 and its 200-day simple moving average is $34.40.

Analyst Ratings Changes

Several brokerages recently weighed in on JD. Wall Street Zen downgraded shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Zacks Research raised shares of JD.com from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Arete Research downgraded shares of JD.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 1st. Arete downgraded shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research note on Tuesday, June 24th. Finally, Bank of America dropped 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.