Roman Butler Fullerton & Co. Buys New Stake in JD.com, Inc. $JD

Key Points

• Roman Butler Fullerton & Co. has acquired a new stake in JD.com, purchasing 10,667 shares valued at approximately $354,000 in the second quarter.
• Other institutional investors have also increased their stakes in JD.com significantly, with Hhlr Advisors LTD. boosting its position by 184.7% in the first quarter.
• Analysts have varying price targets for JD.com stock, with the consensus target price currently at $41.92 and a consensus rating of "Moderate Buy".

Roman Butler Fullerton & Co. bought a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,667 shares of the information services provider's stock, valued at approximately $354,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JD. Hhlr Advisors LTD. lifted its position in JD.com by 184.7% during the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider's stock valued at $197,857,000 after acquiring an additional 3,121,700 shares during the last quarter. Voya Investment Management LLC increased its stake in JD.com by 63.8% during the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider's stock valued at $213,075,000 after purchasing an additional 2,018,675 shares in the last quarter. Federated Hermes Inc. increased its stake in JD.com by 61.9% during 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 purchasing an additional 1,671,839 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its stake in JD.com by 112.8% during 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 purchasing an additional 1,559,749 shares in the last quarter. Finally, Dodge & Cox increased its stake in JD.com by 8.0% during the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider's stock valued at $742,748,000 after purchasing an additional 1,339,508 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JD. Arete Research set a $41.00 price target on shares of JD.com in a research note on Friday, September 26th. UBS Group cut their price target on shares of JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. Mizuho set a $41.00 price target on shares of JD.com in a research note on Wednesday. Bank of America cut their price target 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. Finally, Zacks Research upgraded shares of JD.com from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.92.

JD.com Stock Up 2.2%

NASDAQ:JD opened at $33.18 on Friday. The firm has a market capitalization of $47.53 billion, a P/E ratio of 9.32, a PEG ratio of 3.30 and a beta of 0.39. JD.com, Inc. has a 1-year low of $29.90 and a 1-year high of $46.44. The company's fifty day moving average price is $33.23 and its 200-day moving average price is $33.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90.

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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