Norden Group LLC Acquires Shares of 140,602 JD.com, Inc. $JD

Key Points

• Norden Group LLC has acquired a stake of 140,602 shares in JD.com, Inc., valued at approximately $4.6 million, according to their recent SEC filing.
• Multiple institutional investors, including Farther Finance Advisors LLC and Exchange Traded Concepts LLC, have significantly increased their holdings in JD.com during the second quarter.
• Analysts have varied ratings on JD.com, with a consensus rating of "Moderate Buy" and an average target price of $43.31 despite Benchmark and Morgan Stanley lowering their price targets recently.

Norden Group LLC acquired a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 140,602 shares of the information services provider's stock, valued at approximately $4,589,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in shares of JD.com by 1,272.6% during the second quarter. Farther Finance Advisors LLC now owns 22,030 shares of the information services provider's stock valued at $719,000 after buying an additional 20,425 shares during the period. Perpetual Ltd increased its position in shares of JD.com by 2.4% during the second quarter. Perpetual Ltd now owns 572,843 shares of the information services provider's stock valued at $18,698,000 after buying an additional 13,587 shares during the period. Arkfeld Wealth Strategies L.L.C. purchased a new position in shares of JD.com during the second quarter valued at about $335,000. Exchange Traded Concepts LLC increased its position in shares of JD.com by 42.6% during the second quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider's stock valued at $3,780,000 after buying an additional 34,585 shares during the period. Finally, Polunin Capital Partners Ltd increased its position in shares of JD.com by 1.8% during the second quarter. Polunin Capital Partners Ltd now owns 2,037,856 shares of the information services provider's stock valued at $66,638,000 after buying an additional 35,747 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on JD shares. Benchmark reduced their price target on shares of JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. 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 research note on Thursday, July 10th. Zacks Research raised shares of JD.com from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Citigroup assumed coverage on shares of JD.com in a research note on Monday, August 11th. They set a "buy" rating and a $42.00 price objective on the stock. Finally, Bank of America dropped their price objective on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, JD.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.31.

JD.com Trading Down 2.9%

Shares of NASDAQ JD opened at $32.94 on Wednesday. The firm's 50 day moving average price is $32.42 and its 200-day moving average price is $34.26. The company has a market cap of $46.01 billion, a PE ratio of 9.25, a P/E/G ratio of 3.80 and a beta of 0.36. JD.com, Inc. has a 52-week low of $29.90 and a 52-week high of $47.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22.

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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