NewEdge Advisors LLC Has $2.21 Million Stock Holdings in JD.com, Inc. $JD

Key Points

• NewEdge Advisors LLC significantly increased its stake in JD.com, Inc. by 385% during the first quarter, holding a total of 53,721 shares valued at approximately $2.21 million.
• Several institutional investors have also boosted their stakes in JD.com, with CoreView Capital Management Ltd increasing its stake by 204.8% and Federated Hermes Inc. by 61.9% during the same period.
• Analysts have mixed ratings for JD.com, with target prices set as high as $53 and as low as $37, leading to a consensus rating of "Moderate Buy".

NewEdge Advisors LLC raised its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 385.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,721 shares of the information services provider's stock after buying an additional 42,644 shares during the quarter. NewEdge Advisors LLC's holdings in JD.com were worth $2,209,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JD. CoreView Capital Management Ltd increased its stake in JD.com by 204.8% in the 4th 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 during the period. Hhlr Advisors LTD. increased its stake in JD.com by 184.7% in the 1st quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider's stock valued at $197,857,000 after buying an additional 3,121,700 shares during the period. Federated Hermes Inc. increased its stake in JD.com by 61.9% in the 1st 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 during the period. ANTIPODES PARTNERS Ltd increased its stake in JD.com by 112.8% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 2,942,624 shares of the information services provider's stock valued at $121,010,000 after buying an additional 1,559,749 shares during the period. Finally, Dodge & Cox increased its stake in JD.com by 8.0% in the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider's stock valued at $742,748,000 after buying an additional 1,339,508 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Price Performance

NASDAQ JD opened at $34.40 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $32.00 and a 200 day simple moving average of $34.74. The company has a market cap of $48.04 billion, a P/E ratio of 9.66, a P/E/G ratio of 3.74 and a beta of 0.36. JD.com, Inc. has a 1 year low of $26.12 and a 1 year high of $47.82.

Analysts Set New Price Targets

Several analysts have commented on the stock. Bank of America decreased 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. Arete downgraded shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price for the company. in a research report on Tuesday, June 24th. Benchmark decreased their target price on shares of JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Arete Research downgraded shares of JD.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 1st. Finally, Zacks Research raised shares of JD.com from a "strong sell" rating to a "hold" rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.31.

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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