Natixis Advisors LLC Grows Position in JD.com, Inc. (NASDAQ:JD)

Key Points

• Natixis Advisors LLC increased its stake in JD.com by 71.2%, owning 170,172 shares valued at approximately $6,997,000 at the end of Q1.
• JD.com’s stock recently traded at $31.34, with a market cap of $43.77 billion and a P/E ratio of 7.63.
• Analysts have mixed views on JD.com, with ratings ranging from a strong sell to a buy, and a consensus price target of $44.00.

Natixis Advisors LLC boosted its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 71.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,172 shares of the information services provider's stock after purchasing an additional 70,794 shares during the period. Natixis Advisors LLC's holdings in JD.com were worth $6,997,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Hexagon Capital Partners LLC bought a new stake in shares of JD.com during the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of JD.com in the 1st quarter worth about $32,000. GeoWealth Management LLC raised its position in shares of JD.com by 129.1% in the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after purchasing an additional 785 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of JD.com in the 1st quarter worth about $56,000. Finally, Farther Finance Advisors LLC raised its position in shares of JD.com by 23.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after purchasing an additional 308 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Performance

JD traded down $0.28 during midday trading on Tuesday, reaching $31.34. The company had a trading volume of 5,955,391 shares, compared to its average volume of 10,461,370. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $32.59 and a two-hundred day moving average of $36.33. The company has a market cap of $43.77 billion, a P/E ratio of 7.63, a P/E/G ratio of 4.14 and a beta of 0.46. JD.com, Inc. has a 1 year low of $24.92 and a 1 year high of $47.82.

Wall Street Analyst Weigh In

JD has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. JPMorgan Chase & Co. lowered their price target on JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. Arete downgraded JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price target on the stock. in a report on Tuesday, June 24th. Bank of America lowered their price target on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, July 14th. Finally, Arete Research downgraded JD.com from a "hold" rating to a "strong sell" rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, JD.com presently has a consensus rating of "Moderate Buy" and an average target price of $44.00.

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.