Federated Hermes Inc. Acquires 1,671,839 Shares of JD.com, Inc. (NASDAQ:JD)

Federated Hermes Inc. lifted its holdings in JD.com, Inc. (NASDAQ:JD) by 61.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,374,070 shares of the information services provider’s stock after buying an additional 1,671,839 shares during the quarter. Federated Hermes Inc. owned about 0.28% of JD.com worth $179,862,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in JD. Parallel Advisors LLC increased its position in JD.com by 5.9% in the first quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider’s stock worth $223,000 after purchasing an additional 304 shares during the period. Farther Finance Advisors LLC increased its position in 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 purchasing an additional 308 shares during the period. Lakeshore Capital Group Inc. increased its position in 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 purchasing an additional 322 shares during the period. Compagnie Lombard Odier SCmA increased its position in 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 purchasing an additional 400 shares during the period. Finally, Rehmann Capital Advisory Group increased its position in 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 purchasing an additional 474 shares during the period. 15.98% of the stock is owned by institutional investors.

JD.com Stock Up 0.1%

JD stock opened at $33.22 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. The stock has a market capitalization of $46.40 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 4.34 and a beta of 0.48. The business’s fifty day moving average price is $32.79 and its two-hundred day moving average price is $36.47. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered JD.com from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Morgan Stanley decreased their target price on JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Mizuho decreased their target price on JD.com from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, May 14th. Arete Research upgraded JD.com to a “hold” rating in a research report on Tuesday, June 24th. Finally, Arete lowered JD.com from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research report on Tuesday, June 24th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

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.