Todd Asset Management LLC Grows Holdings in JD.com, Inc. (NASDAQ:JD)

Key Points

• Todd Asset Management LLC has raised its stake in JD.com, Inc. by 35.1%, acquiring an additional 228,884 shares, bringing its total holdings to 880,266 shares worth approximately $36.2 million.
• JD.com has experienced a 0.8% decrease in share price, currently trading at $31.49, with a one-year price range between $25.24 and $47.82.
• Analysts have mixed views on JD.com, with one sell rating, five hold ratings, and nine buy ratings, resulting in a consensus rating of "Moderate Buy" and a price target around $44.00.

Todd Asset Management LLC boosted its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 35.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 880,266 shares of the information services provider's stock after acquiring an additional 228,884 shares during the period. Todd Asset Management LLC owned about 0.06% of JD.com worth $36,197,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in JD. Cerity Partners LLC increased its position in JD.com by 33.1% during the first quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider's stock worth $1,092,000 after purchasing an additional 6,611 shares during the last quarter. Temasek Holdings Private Ltd boosted its stake in shares of JD.com by 18.4% in the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after purchasing an additional 718,760 shares during the period. Principal Financial Group Inc. boosted its stake in shares of JD.com by 1,724.9% in the first quarter. Principal Financial Group Inc. now owns 694,199 shares of the information services provider's stock valued at $28,545,000 after purchasing an additional 656,158 shares during the period. Spire Wealth Management boosted its stake in shares of JD.com by 706.6% in the first quarter. Spire Wealth Management now owns 8,985 shares of the information services provider's stock valued at $369,000 after purchasing an additional 7,871 shares during the period. Finally, Matthews International Capital Management LLC lifted its stake in JD.com by 974.5% in the first quarter. Matthews International Capital Management LLC now owns 113,931 shares of the information services provider's stock worth $4,685,000 after acquiring an additional 103,328 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on JD shares. Susquehanna decreased their price target on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, May 15th. Arete Research downgraded shares of JD.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 1st. Macquarie reiterated a "neutral" rating and issued a $35.00 price target on shares of JD.com in a research note on Wednesday, April 23rd. Benchmark decreased their price target on shares of JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Finally, Mizuho decreased their price target on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, JD.com has a consensus rating of "Moderate Buy" and a consensus target price of $43.31.

JD.com Stock Up 3.0%

Shares of NASDAQ:JD traded up $0.94 during trading on Tuesday, hitting $32.12. 8,371,632 shares of the company were exchanged, compared to its average volume of 9,461,791. The firm's 50 day moving average price is $32.48 and its 200-day moving average price is $36.03. JD.com, Inc. has a 12-month low of $25.24 and a 12-month high of $47.82. The stock has a market capitalization of $44.86 billion, a P/E ratio of 7.82, a PEG ratio of 4.07 and a beta of 0.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92.

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.