North of South Capital LLP Buys 414,366 Shares of JD.com, Inc. (NASDAQ:JD)

North of South Capital LLP raised its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,314,174 shares of the information services provider's stock after acquiring an additional 414,366 shares during the quarter. JD.com makes up about 15.2% of North of South Capital LLP's portfolio, making the stock its 2nd largest holding. North of South Capital LLP owned about 0.21% of JD.com worth $136,279,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after acquiring an additional 684 shares in the last quarter. GeoWealth Management LLC lifted its stake in 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 in the last quarter. Allianz SE purchased a new position in shares of JD.com during the fourth quarter worth about $52,000. Steward Partners Investment Advisory LLC increased its stake in JD.com by 91.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,156 shares of the information services provider's stock valued at $75,000 after acquiring an additional 1,031 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA raised its holdings in shares of JD.com by 21.4% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider's stock valued at $93,000 after buying an additional 400 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on JD shares. Mizuho decreased their price objective on JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. JPMorgan Chase & Co. lowered their target price on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. UBS Group set a $51.00 target price on shares of JD.com in a research note on Friday, March 7th. Bank of America dropped their price target on shares of JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Benchmark reduced their price objective on shares of JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Five research analysts have rated the stock with 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.23.

JD.com Stock Performance

JD traded down $0.23 during mid-day trading on Wednesday, reaching $32.47. 10,057,284 shares of the company traded hands, compared to its average volume of 13,938,225. 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 stock has a market capitalization of $51.21 billion, a P/E ratio of 7.90, a P/E/G ratio of 1.06 and a beta of 0.48. The company's fifty day moving average price is $33.33 and its 200-day moving average price is $36.85. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82.

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.