DekaBank Deutsche Girozentrale decreased its stake in shares of JD.com, Inc. (NASDAQ:JD) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 335,627 shares of the information services provider’s stock after selling 6,269 shares during the period. DekaBank Deutsche Girozentrale’s holdings in JD.com were worth $18,211,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of JD. IFP Advisors Inc raised its position in shares of JD.com by 585.2% in the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after buying an additional 4,184 shares during the period. Greenleaf Trust purchased a new position in shares of JD.com during the second quarter valued at about $242,000. Envestnet Asset Management Inc. raised its position in shares of JD.com by 7.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock valued at $202,000 after buying an additional 464 shares during the period. Rehmann Capital Advisory Group purchased a new position in shares of JD.com during the second quarter valued at about $267,000. Finally, Acadian Asset Management LLC purchased a new position in shares of JD.com during the second quarter valued at about $280,000. 49.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of JD.com, Inc. (JD) opened at 45.90 on Friday. JD.com, Inc. has a one year low of $23.38 and a one year high of $48.99.
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Several equities analysts have recently issued reports on the company. Bank of America Corporation reaffirmed a “buy” rating and set a $53.00 price target (up previously from $46.00) on shares of JD.com in a research note on Wednesday. Benchmark Co. assumed coverage on JD.com in a report on Tuesday, April 18th. They issued a “buy” rating and a $40.00 price objective for the company. Stifel Nicolaus upped their price objective on JD.com from $38.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. Cowen and Company upped their price objective on JD.com from $30.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, May 9th. Finally, Vetr downgraded JD.com from a “buy” rating to a “hold” rating and set a $42.50 price objective for the company. in a report on Wednesday, June 7th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.97.
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.
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