Wellington Management Group LLP Buys 55,563 Shares of JD.com, Inc. $JD

Key Points

• Wellington Management Group LLP significantly increased its stake in JD.com by purchasing an additional 55,563 shares, raising its holdings by 643.1% to a total of 64,203 shares valued at approximately $2.64 million.
• Multiple hedge funds have also increased their investments in JD.com, indicating growing institutional interest as they collectively own 15.98% of the company's stock.
• JD.com's stock performance shows a market capitalization of $43.39 billion with a current P/E ratio of 8.73 and a significant difference between its 12-month low of $25.61 and high of $47.82.

Wellington Management Group LLP raised its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 643.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 64,203 shares of the information services provider's stock after purchasing an additional 55,563 shares during the period. Wellington Management Group LLP's holdings in JD.com were worth $2,640,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in JD.com by 5.9% during the first quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock valued at $223,000 after purchasing an additional 304 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of JD.com by 23.7% in the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after acquiring an additional 308 shares during the period. Lakeshore Capital Group Inc. boosted its stake in shares of JD.com by 2.4% in the first quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock worth $556,000 after acquiring an additional 322 shares during the period. Compagnie Lombard Odier SCmA boosted its stake in shares of JD.com by 21.4% in the first quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider's stock worth $93,000 after acquiring an additional 400 shares during the period. Finally, Rehmann Capital Advisory Group boosted its stake in shares of JD.com by 7.7% in the first quarter. Rehmann Capital Advisory Group now owns 6,597 shares of the information services provider's stock worth $271,000 after acquiring an additional 474 shares during the period. Institutional investors own 15.98% of the company's stock.

JD.com Price Performance

NASDAQ:JD opened at $31.07 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $43.39 billion, a P/E ratio of 8.73, a P/E/G ratio of 3.53 and a beta of 0.46. JD.com, Inc. has a 12 month low of $25.61 and a 12 month high of $47.82. The business's 50-day moving average is $32.05 and its 200 day moving average is $35.21.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on JD shares. UBS Group dropped 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. Arete Research lowered JD.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 1st. Benchmark dropped 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. Susquehanna dropped 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. Finally, JPMorgan Chase & Co. dropped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.31.

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.

Want to see what other hedge funds are holding JD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JD.com, Inc. (NASDAQ:JD - Free Report).

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.