JD.com, Inc. $JD Shares Sold by Martin Currie Ltd.

Key Points

• Martin Currie Ltd. reduced its stake in JD.com by 13.5%, selling 222,373 shares and bringing its total holdings to approximately 1.4 million shares, valued at $58.5 million.
• Several institutional investors have increased their investments in JD.com, with CoreView Capital Management raising its holdings by 204.8%, now owning over 6.4 million shares.
• Wall Street analysts have mixed sentiments about JD.com, with target prices ranging from $35.00 to $48.00, leading to a consensus rating of "Moderate Buy" and an average target price of $43.31.

Martin Currie Ltd. reduced its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 13.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,421,908 shares of the information services provider's stock after selling 222,373 shares during the period. JD.com accounts for about 2.4% of Martin Currie Ltd.'s holdings, making the stock its 16th biggest position. Martin Currie Ltd. owned 0.09% of JD.com worth $58,469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Invesco Ltd. lifted its holdings in JD.com by 2.0% in the first quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider's stock valued at $633,986,000 after acquiring an additional 295,900 shares during the period. CoreView Capital Management Ltd increased its position in shares of 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 buying an additional 4,299,872 shares in the last quarter. Temasek Holdings Private Ltd increased its position in shares of JD.com by 18.4% in the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after buying an additional 718,760 shares in the last quarter. Federated Hermes Inc. increased its position in shares of 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 buying an additional 1,671,839 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of JD.com by 14.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 3,801,669 shares of the information services provider's stock valued at $156,325,000 after buying an additional 487,969 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JD has been the subject of a number of recent research reports. Arete Research cut JD.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 1st. Morgan Stanley dropped their price objective 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. Susquehanna dropped their price objective on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Benchmark dropped their price objective on JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Finally, Bank of America dropped their price objective on JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $43.31.

JD.com Trading Up 0.2%

NASDAQ:JD traded up $0.07 during mid-day trading on Monday, reaching $31.77. The company's stock had a trading volume of 9,832,629 shares, compared to its average volume of 9,646,829. The stock has a market cap of $44.37 billion, a P/E ratio of 8.92, a P/E/G ratio of 4.13 and a beta of 0.46. JD.com, Inc. has a twelve month low of $25.24 and a twelve month high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. The company's fifty day simple moving average is $32.40 and its two-hundred day simple moving average is $35.81.

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.