JD.com, Inc. $JD Shares Acquired by Polunin Capital Partners Ltd

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 grew its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 1.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,037,856 shares of the information services provider's stock after acquiring an additional 35,747 shares during the quarter. JD.com comprises approximately 10.9% of Polunin Capital Partners Ltd's holdings, making the stock its 3rd largest holding. Polunin Capital Partners Ltd owned 0.13% of JD.com worth $66,638,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of JD.com during the fourth quarter worth $270,000. Quantinno Capital Management LP grew its stake in shares of JD.com by 32.4% during the fourth quarter. Quantinno Capital Management LP now owns 21,315 shares of the information services provider's stock worth $739,000 after acquiring an additional 5,210 shares during the last quarter. Vident Advisory LLC grew its stake in shares of JD.com by 16.7% during the fourth quarter. Vident Advisory LLC now owns 11,005 shares of the information services provider's stock worth $382,000 after acquiring an additional 1,572 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of JD.com by 2.5% during the fourth quarter. Woodline Partners LP now owns 104,069 shares of the information services provider's stock worth $3,608,000 after purchasing an additional 2,587 shares during the period. Finally, Waverly Advisors LLC acquired a new stake in shares of JD.com during the fourth quarter worth about $310,000. 15.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on JD. JPMorgan Chase & Co. decreased their price target on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, May 27th. UBS Group dropped their price target on JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Morgan Stanley dropped 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. Wall Street Zen cut JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Benchmark dropped their price target on JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.31.

JD.com Price Performance

Shares of NASDAQ:JD traded down $0.90 on Monday, hitting $34.20. The company had a trading volume of 13,806,859 shares, compared to its average volume of 13,110,770. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a 52-week low of $29.09 and a 52-week high of $47.82. The business has a 50 day moving average of $32.34 and a 200 day moving average of $34.33. The company has a market cap of $47.77 billion, a PE ratio of 9.60, a PEG ratio of 3.94 and a beta of 0.36.

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.