Davis Selected Advisers Has $14.21 Million Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Key Points

• Davis Selected Advisers sold 2.9% of its stake in JD.com, reducing its holdings to 345,461 shares worth $14.2 million as of the latest SEC disclosure.
• Other institutional investors, including National Bank of Canada and Allianz SE, significantly increased their stakes in JD.com, with increases up to 31,305.3%.
• Analyst ratings for JD.com are mixed, with Arete lowering its rating to "neutral" and Citigroup maintaining a "buy" rating with a price target cut from $56.00 to $51.00.

Davis Selected Advisers decreased its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 345,461 shares of the information services provider's stock after selling 10,372 shares during the quarter. Davis Selected Advisers' holdings in JD.com were worth $14,205,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JD. Hexagon Capital Partners LLC bought a new position in JD.com during the first quarter worth $25,000. N.E.W. Advisory Services LLC bought a new position in JD.com during the first quarter worth $32,000. Wayfinding Financial LLC bought a new position in JD.com during the first quarter worth $56,000. GeoWealth Management LLC increased its position in JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after acquiring an additional 785 shares during the period. Finally, Farther Finance Advisors LLC increased its position in JD.com by 23.7% during 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 during the period. Institutional investors own 15.98% of the company's stock.

JD.com Trading Down 0.8%

Shares of JD stock traded down $0.26 on Friday, reaching $31.49. The company had a trading volume of 4,285,598 shares, compared to its average volume of 9,676,601. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The stock has a market cap of $43.98 billion, a PE ratio of 7.66, a PEG ratio of 4.11 and a beta of 0.46. The company has a 50-day moving average of $32.52 and a 200-day moving average of $36.15. JD.com, Inc. has a 12 month low of $25.24 and a 12 month high of $47.82.

Analyst Upgrades and Downgrades

JD has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Arete Research downgraded shares of JD.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 1st. Benchmark decreased their price target on shares of JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Citigroup reiterated a "buy" rating and set a $51.00 price target (down previously from $56.00) on shares of JD.com in a research note on Monday, April 28th. Finally, Wall Street Zen downgraded shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $44.00.

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.