Alkeon Capital Management LLC Buys 746,530 Shares of JD.com, Inc. $JD

Key Points

• Alkeon Capital Management LLC increased its stake in JD.com, Inc. by 19.8% during the first quarter, now owning 4,523,802 shares valued at approximately $186 million.
• Various institutional investors, including Cerity Partners and Banco Bilbao Vizcaya Argentaria, also boosted their positions in JD.com, reflecting a trend of increased investment interest in the company.
• Analyst ratings for JD.com are mixed, with price targets adjusted downward by firms like Morgan Stanley and Benchmark, but still show an average target price of $43.31 and a consensus rating of "Moderate Buy."

Alkeon Capital Management LLC boosted its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 19.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,523,802 shares of the information services provider's stock after buying an additional 746,530 shares during the quarter. Alkeon Capital Management LLC owned approximately 0.29% of JD.com worth $186,019,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JD. Hexagon Capital Partners LLC bought a new stake in JD.com in the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in JD.com in the first quarter worth approximately $32,000. Wayfinding Financial LLC bought a new stake in JD.com in the first quarter worth approximately $56,000. Farther Finance Advisors LLC grew its position in JD.com by 23.7% in the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after acquiring an additional 308 shares in the last quarter. Finally, Smithfield Trust Co grew its position in JD.com by 3,451.8% in the first quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider's stock worth $82,000 after acquiring an additional 1,933 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Trading Up 1.7%

JD.com stock traded up $0.52 during midday trading on Friday, hitting $31.45. 13,854,012 shares of the stock were exchanged, compared to its average volume of 11,344,213. The company has a fifty day simple moving average of $31.94 and a two-hundred day simple moving average of $34.98. JD.com, Inc. has a 52 week low of $25.61 and a 52 week high of $47.82. The stock has a market capitalization of $43.92 billion, a PE ratio of 8.12, a P/E/G ratio of 3.47 and a beta of 0.36. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

Several research firms have commented on JD. Susquehanna decreased their target price on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Wall Street Zen downgraded shares of JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. UBS Group decreased their target price on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. 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 note on Tuesday, June 24th. Finally, Arete Research cut shares of JD.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has assigned 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.

About JD.com

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.