Nordea Investment Management AB Increases Position in JD.com, Inc. $JD

Nordea Investment Management AB grew its holdings in JD.com, Inc. (NASDAQ:JD) by 2.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 624,424 shares of the information services provider’s stock after buying an additional 13,755 shares during the period. Nordea Investment Management AB’s holdings in JD.com were worth $20,291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hexagon Capital Partners LLC purchased a new stake in shares of JD.com in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of JD.com during the first quarter worth about $32,000. Ameritas Advisory Services LLC acquired a new position in shares of JD.com during the second quarter worth about $37,000. Wayfinding Financial LLC acquired a new position in shares of JD.com during the first quarter worth about $56,000. Finally, Farther Finance Advisors LLC increased its stake in shares of JD.com by 23.7% during 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. 15.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on JD shares. Arete upgraded shares of JD.com from a “sell” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Friday, September 26th. Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Arete Research set a $41.00 target price on shares of JD.com in a research report on Friday, September 26th. Morgan Stanley lowered their target price on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Finally, Benchmark lowered their target price on shares of JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.86.

JD.com Stock Up 1.0%

JD stock opened at $33.07 on Monday. The company’s 50 day simple moving average is $33.14 and its 200-day simple moving average is $33.24. The firm has a market capitalization of $47.37 billion, a PE ratio of 9.29, a P/E/G ratio of 3.61 and a beta of 0.39. JD.com, Inc. has a 12 month low of $29.90 and a 12 month high of $46.44. 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 Company 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.