Knuff & Co LLC Buys 28,094 Shares of JD.com, Inc. $JD

Key Points

• Knuff & Co LLC increased its stake in JD.com by 548.1% during the first quarter, owning 33,220 shares worth approximately $1.36 million.
• Brokerages have recently adjusted their price targets for JD.com, with Susquehanna lowering it to $40.00 and UBS cutting it to $50.00, reflecting mixed sentiments on the company’s outlook.
• As of now, institutional investors hold about 15.98% of JD.com's stock, indicating a growing interest from the investment community.

Knuff & Co LLC boosted its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 548.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,220 shares of the information services provider's stock after acquiring an additional 28,094 shares during the period. Knuff & Co LLC's holdings in JD.com were worth $1,366,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of JD.com during the 4th quarter worth approximately $270,000. Alliancebernstein L.P. bought a new position in JD.com during the fourth quarter valued at $1,341,000. Geode Capital Management LLC grew its holdings in JD.com by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 404,729 shares of the information services provider's stock valued at $14,032,000 after purchasing an additional 3,540 shares during the period. Cerity Partners LLC increased its position in JD.com by 8.1% in the fourth quarter. Cerity Partners LLC now owns 19,954 shares of the information services provider's stock worth $708,000 after buying an additional 1,488 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of JD.com in the fourth quarter valued at $2,363,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on JD. JPMorgan Chase & Co. cut 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. Bank of America cut their target price on shares of JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Morgan Stanley reduced 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. Mizuho dropped their price objective on JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Finally, Arete Research lowered JD.com from a "hold" rating to a "strong sell" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and an average price target of $43.31.

JD.com Stock Down 0.2%

NASDAQ:JD traded down $0.0650 on Wednesday, reaching $31.1750. 6,723,568 shares of the stock traded hands, compared to its average volume of 12,397,736. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $43.54 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 3.61 and a beta of 0.46. JD.com, Inc. has a 12 month low of $25.24 and a 12 month high of $47.82. The company's fifty day simple moving average is $32.31 and its 200 day simple moving average is $35.72.

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.