Quantbot Technologies LP Increases Holdings in JD.com, Inc. $JD

Key Points

• Quantbot Technologies LP has increased its holdings in JD.com, Inc. by 52.1%, now owning 30,090 shares worth approximately $1.24 million.
• Several hedge funds have also recently increased their stakes in JD.com, with leading increases from Parallel Advisors LLC and Farther Finance Advisors LLC.
• Analysts have reduced their price targets for JD.com, with a consensus target price now at $43.31, reflecting a shift in market sentiment.

Quantbot Technologies LP raised its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 52.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,090 shares of the information services provider's stock after buying an additional 10,304 shares during the period. Quantbot Technologies LP's holdings in JD.com were worth $1,237,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in JD.com by 5.9% during the 1st quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock valued at $223,000 after buying an additional 304 shares during the last quarter. Farther Finance Advisors LLC raised its stake in JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock valued at $66,000 after buying an additional 308 shares during the last quarter. Lakeshore Capital Group Inc. raised its stake in JD.com by 2.4% during the 1st quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock valued at $556,000 after buying an additional 322 shares during the last quarter. Compagnie Lombard Odier SCmA raised its stake in 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 during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in JD.com by 7.7% during the 1st quarter. Rehmann Capital Advisory Group now owns 6,597 shares of the information services provider's stock valued at $271,000 after buying an additional 474 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on JD shares. Benchmark reduced their price objective on JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, July 21st. UBS Group reduced their price objective on JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, July 10th. Mizuho reduced their price objective on JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. Wall Street Zen lowered JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Susquehanna reduced their price objective on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.31.

JD.com Trading Up 2.2%

Shares of JD.com stock opened at $31.88 on Friday. The company has a market capitalization of $44.53 billion, a P/E ratio of 8.96, a P/E/G ratio of 3.54 and a beta of 0.46. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 1.22. The company has a fifty day moving average of $32.19 and a 200 day moving average of $35.56. JD.com, Inc. has a fifty-two week low of $25.24 and a fifty-two week high of $47.82.

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.

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.