Jefferies Financial Group Inc. Raises Position in JD.com, Inc. (NASDAQ:JD)

Key Points

• Jefferies Financial Group Inc. increased its stake in JD.com by 50.6%, owning 49,825 shares valued at approximately $2,049,000 after acquiring an additional 16,739 shares in the first quarter.
• Other institutional investors also raised their positions, with FMR LLC increasing its holdings by 86.2% and acquiring over 13 million shares during the fourth quarter.
• Analysts have set varying price targets for JD.com, with UBS lowering its target from $58.00 to $50.00, while the consensus rating has been classified as a "Moderate Buy" with an average price target of $44.00.

Jefferies Financial Group Inc. increased its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 50.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,825 shares of the information services provider's stock after buying an additional 16,739 shares during the period. Jefferies Financial Group Inc.'s holdings in JD.com were worth $2,049,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JD. FMR LLC raised its position in shares of JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after buying an additional 13,170,649 shares in the last quarter. CoreView Capital Management Ltd increased its stake in JD.com by 204.8% in the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock valued at $221,878,000 after acquiring an additional 4,299,872 shares during the last quarter. Voya Investment Management LLC bought a new position in JD.com in the fourth quarter valued at $109,665,000. Aspex Management HK Ltd bought a new position in JD.com in the fourth quarter valued at $93,562,000. Finally, Federated Hermes Inc. increased its stake in JD.com by 61.9% in the first quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider's stock valued at $179,862,000 after acquiring an additional 1,671,839 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Stock Performance

Shares of JD opened at $30.91 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The company has a 50-day simple moving average of $32.62 and a two-hundred day simple moving average of $36.39. The firm has a market capitalization of $43.17 billion, a PE ratio of 7.52 and a beta of 0.46.

Analysts Set New Price Targets

JD has been the topic of a number of research analyst reports. UBS Group reduced their target price on JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. JPMorgan Chase & Co. reduced their target price on JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Citigroup reaffirmed a "buy" rating and set a $51.00 price objective (down from $56.00) on shares of JD.com in a research note on Monday, April 28th. Arete cut JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research note on Tuesday, June 24th. Finally, Bank of America reduced their price objective 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. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, JD.com has a consensus 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.

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