Mirae Asset Global Investments Co. Ltd. Has $1.83 Million Stock Holdings in JD.com, Inc. $JD

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in JD.com by 26.2%, acquiring 11,652 additional shares, bringing their total holdings to 56,152 shares worth approximately $1.83 million.
• JD.com has received various analyst ratings, with some firms decreasing their target prices; UBS Group reduced it from $58 to $50, while Citigroup set a new price target of $42.
• The stock currently has a market cap of $50.11 billion and a PE ratio of 9.83, with a 52-week price range of $29.90 to $46.44.

Mirae Asset Global Investments Co. Ltd. lifted its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 26.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,152 shares of the information services provider's stock after acquiring an additional 11,652 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in JD.com were worth $1,833,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Dodge & Cox raised its holdings in JD.com by 8.0% in the first quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider's stock worth $742,748,000 after purchasing an additional 1,339,508 shares during the period. Invesco Ltd. raised its stake in JD.com by 2.0% during the 1st quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider's stock worth $633,986,000 after buying an additional 295,900 shares during the period. Voya Investment Management LLC raised its stake in JD.com by 63.8% during the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider's stock worth $213,075,000 after buying an additional 2,018,675 shares during the period. Hhlr Advisors LTD. raised its stake in JD.com by 184.7% during the 1st quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider's stock worth $197,857,000 after buying an additional 3,121,700 shares during the period. Finally, Alkeon Capital Management LLC raised its stake in JD.com by 19.8% during the 1st quarter. Alkeon Capital Management LLC now owns 4,523,802 shares of the information services provider's stock worth $186,019,000 after buying an additional 746,530 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JD has been the topic of a number of research analyst reports. UBS Group dropped their price target on JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, July 10th. Citigroup initiated coverage on shares of JD.com in a report on Monday, August 11th. They set a "buy" rating and a $42.00 target price on the stock. Weiss Ratings restated a "hold (c)" rating on shares of JD.com in a report on Wednesday. Bank of America dropped their target price on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, July 14th. Finally, Morgan Stanley dropped their price objective on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.86.

JD.com Price Performance

NASDAQ:JD opened at $34.98 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. The stock's 50-day simple moving average is $32.92 and its 200 day simple moving average is $33.76. The company has a market cap of $50.11 billion, a P/E ratio of 9.83, a P/E/G ratio of 3.94 and a beta of 0.39. JD.com, Inc. has a 52-week low of $29.90 and a 52-week high of $46.44.

JD.com Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.