Harding Loevner LP Acquires 2,868,616 Shares of JD.com Inc. (JD)
Harding Loevner LP raised its stake in JD.com Inc. (NASDAQ:JD) by 158.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,673,655 shares of the company’s stock after buying an additional 2,868,616 shares during the period. Harding Loevner LP owned about 0.32% of JD.com worth $121,936,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Board of Trustees of The Leland Stanford Junior University purchased a new position in JD.com during the second quarter worth about $271,949,000. Generation Investment Management LLP raised its position in JD.com by 914.4% in the second quarter. Generation Investment Management LLP now owns 11,204,969 shares of the company’s stock worth $237,881,000 after buying an additional 10,100,390 shares during the period. Coronation Fund Managers Ltd. purchased a new position in JD.com during the second quarter worth about $211,808,000. Dodge & Cox raised its position in JD.com by 33.8% in the second quarter. Dodge & Cox now owns 39,331,236 shares of the company’s stock worth $835,002,000 after buying an additional 9,934,800 shares during the period. Finally, Thornburg Investment Management Inc. raised its position in JD.com by 831.0% in the second quarter. Thornburg Investment Management Inc. now owns 9,550,323 shares of the company’s stock worth $202,753,000 after buying an additional 8,524,505 shares during the period. Institutional investors and hedge funds own 54.51% of the company’s stock.
Shares of JD.com Inc. (NASDAQ:JD) traded down 1.12% during trading on Friday, reaching $26.45. The company had a trading volume of 5,658,152 shares. The stock has a 50 day moving average price of $26.06 and a 200 day moving average price of $24.09. The firm’s market capitalization is $38.18 billion. JD.com Inc. has a 12 month low of $19.51 and a 12 month high of $33.48.
A number of research firms recently issued reports on JD. Vetr raised shares of JD.com from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research report on Wednesday, September 7th. JPMorgan Chase & Co. began coverage on shares of JD.com in a research report on Wednesday, August 31st. They set a “neutral” rating and a $29.00 target price for the company. SunTrust Banks Inc. increased their target price on shares of JD.com from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, October 10th. MKM Partners downgraded shares of JD.com from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $27.00 in a research report on Tuesday, September 20th. Finally, Jefferies Group increased their target price on shares of JD.com from $31.60 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $30.24.
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
Receive News & Stock Ratings for JD.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.com Inc. and related stocks with our FREE daily email newsletter.