Gateway Investment Advisers LLC Sells 17,081 Shares of JD.com, Inc. $JD

Key Points

• Gateway Investment Advisers LLC has reduced its holdings in JD.com by 68.5%, selling 17,081 shares and ending up with 7,842 shares valued at approximately $256,000.
• Several institutional investors have recently entered positions in JD.com, with notable purchases from firms including Hexagon Capital Partners LLC and N.E.W. Advisory Services LLC.
• JD.com has received mixed ratings from analysts, with an average rating of "Moderate Buy" and a target price of $43.31, reflecting concerns over its stock performance amidst recent target price adjustments from various firms.

Gateway Investment Advisers LLC cut its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 68.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,842 shares of the information services provider's stock after selling 17,081 shares during the period. Gateway Investment Advisers LLC's holdings in JD.com were worth $256,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Dodge & Cox boosted its stake in shares of JD.com by 8.0% in the 1st 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 during the last quarter. Invesco Ltd. raised its stake in JD.com by 2.0% during the first quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider's stock worth $633,986,000 after buying an additional 295,900 shares during the last quarter. Voya Investment Management LLC lifted its holdings in JD.com by 63.8% in the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider's stock valued at $213,075,000 after buying an additional 2,018,675 shares during the period. Hhlr Advisors LTD. boosted its position in 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 valued at $197,857,000 after acquiring an additional 3,121,700 shares during the last quarter. Finally, Alkeon Capital Management LLC boosted its position in JD.com by 19.8% during the first quarter. Alkeon Capital Management LLC now owns 4,523,802 shares of the information services provider's stock valued at $186,019,000 after acquiring an additional 746,530 shares during the last quarter. Institutional investors own 15.98% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JD shares. Wall Street Zen lowered JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Benchmark lowered their target price on JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a report on Monday, July 21st. Bank of America dropped their price target on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. Arete downgraded shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research report on Tuesday, June 24th. Finally, UBS Group lowered their price objective on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, JD.com presently has a consensus rating of "Moderate Buy" and an average price target of $43.31.

JD.com Stock Down 3.3%

Shares of JD.com stock traded down $1.17 during trading hours on Monday, reaching $33.93. The company's stock had a trading volume of 21,287,939 shares, compared to its average volume of 18,485,368. The company has a market capitalization of $47.39 billion, a P/E ratio of 9.53, a P/E/G ratio of 3.94 and a beta of 0.36. The stock's fifty day simple moving average is $32.40 and its two-hundred day simple moving average is $34.27. JD.com, Inc. has a one year low of $29.09 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22.

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.