Gateway Investment Advisers LLC Decreases Stake in 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 lowered its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 68.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,842 shares of the information services provider's stock after selling 17,081 shares during the quarter. Gateway Investment Advisers LLC's holdings in JD.com were worth $256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hhlr Advisors LTD. grew 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 purchasing an additional 3,121,700 shares during the last quarter. Voya Investment Management LLC lifted its position 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 valued at $213,075,000 after purchasing an additional 2,018,675 shares during the period. Federated Hermes Inc. lifted its position 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 valued at $179,862,000 after purchasing an additional 1,671,839 shares during the period. ANTIPODES PARTNERS Ltd lifted its position 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 valued at $121,010,000 after purchasing an additional 1,559,749 shares during the period. Finally, Dodge & Cox raised its position 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 acquiring an additional 1,339,508 shares during the period. Institutional investors own 15.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Citigroup started coverage on shares of JD.com in a research note on Monday, August 11th. They issued a "buy" rating and a $42.00 target price for the company. Arete cut 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. JPMorgan Chase & Co. dropped their price target 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. Finally, Zacks Research upgraded JD.com from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $43.31.

JD.com Stock Performance

Shares of JD stock traded down $0.28 on Friday, hitting $35.10. 28,864,982 shares of the stock were exchanged, compared to its average volume of 17,639,228. The firm's 50 day moving average is $32.34 and its two-hundred day moving average is $34.40. The firm has a market capitalization of $49.02 billion, a PE ratio of 9.86, a P/E/G ratio of 3.94 and a beta of 0.36. 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 one year low of $28.39 and a one year 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.