Polunin Capital Partners Ltd Buys 35,747 Shares of JD.com, Inc. $JD

Key Points

• Polunin Capital Partners Ltd increased its ownership in JD.com, Inc. by 1.8%, now holding approximately 10.9% of its investment portfolio in the company, valued at about $66.6 million.
• Institutional ownership for JD.com is at 15.98%, with several firms acquiring new stakes in the stock during the first quarter.
• A mix of analysts have recently set various price targets for JD.com, with Morgan Stanley lowering its target from $39.00 to $28.00, while the average consensus rating remains at "Moderate Buy" with a target of $43.31.

Polunin Capital Partners Ltd raised its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,037,856 shares of the information services provider's stock after buying an additional 35,747 shares during the quarter. JD.com comprises 10.9% of Polunin Capital Partners Ltd's investment portfolio, making the stock its 3rd largest holding. Polunin Capital Partners Ltd owned approximately 0.13% of JD.com worth $66,638,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of JD. Hhlr Advisors LTD. lifted its holdings in shares of JD.com by 184.7% during the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider's stock worth $197,857,000 after buying an additional 3,121,700 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of JD.com by 63.8% during the first 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 last quarter. Federated Hermes Inc. lifted its holdings in shares of JD.com by 61.9% during the first 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 last quarter. ANTIPODES PARTNERS Ltd lifted its holdings in shares of JD.com by 112.8% during the first 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 last quarter. Finally, Dodge & Cox raised its stake in shares of JD.com by 8.0% in the first quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider's stock valued at $742,748,000 after purchasing an additional 1,339,508 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JD. Wall Street Zen lowered JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Zacks Research upgraded JD.com from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Bank of America cut their target price on JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, July 14th. Benchmark cut their target price on 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, JPMorgan Chase & Co. cut their target price on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. One 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $43.31.

JD.com Price Performance

Shares of JD stock traded down $0.28 during trading hours on Friday, hitting $35.10. 28,864,982 shares of the company's stock were exchanged, compared to its average volume of 17,639,228. The stock's 50-day moving average is $32.34 and its 200-day moving average is $34.40. 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 stock has a market cap of $49.02 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 3.94 and a beta of 0.36. JD.com, Inc. has a 52 week low of $28.39 and a 52 week high of $47.82.

JD.com 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.