As Jd Com INC (JD) Stock Price Declined, Hermes Investment Management LTD Boosted by $66.21 Million Its Holding

April 17, 2018 - By Kurt Siggers

JD.com, Inc. (NASDAQ:JD) Logo

Hermes Investment Management Ltd increased its stake in Jd Com Inc (JD) by 40.2% based on its latest 2017Q4 regulatory filing with the SEC. Hermes Investment Management Ltd bought 1.61M shares as the company’s stock declined 3.51% with the market. The institutional investor held 5.63M shares of the consumer services company at the end of 2017Q4, valued at $233.27M, up from 4.02 million at the end of the previous reported quarter. Hermes Investment Management Ltd who had been investing in Jd Com Inc for a number of months, seems to be bullish on the $57.76 billion market cap company. The stock increased 0.85% or $0.34 during the last trading session, reaching $40.27. About 9.02M shares traded. JD.com, Inc. (NASDAQ:JD) has risen 29.73% since April 17, 2017 and is uptrending. It has outperformed by 18.18% the S&P500.

Hermes Investment Management Ltd, which manages about $20.91 billion and $6.98 billion US Long portfolio, decreased its stake in Lam Research Corp (NASDAQ:LRCX) by 80,869 shares to 328,771 shares, valued at $60.52 million in 2017Q4, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 59,851 shares in the quarter, leaving it with 501,668 shares, and cut its stake in Caci Intl Inc (NYSE:CACI).

JD.com, Inc. (NASDAQ:JD) Ratings Coverage

Among 10 analysts covering JD.com (NASDAQ:JD), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. JD.com had 14 analyst reports since October 19, 2017 according to SRatingsIntel. The rating was maintained by Bernstein on Wednesday, January 31 with “Hold”. Morgan Stanley downgraded JD.com, Inc. (NASDAQ:JD) on Tuesday, November 14 to “Equal-Weight” rating. The stock of JD.com, Inc. (NASDAQ:JD) earned “Overweight” rating by JP Morgan on Wednesday, November 15. Nomura maintained JD.com, Inc. (NASDAQ:JD) on Tuesday, November 14 with “Buy” rating. The firm has “Buy” rating by UBS given on Monday, October 30. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, December 13. As per Wednesday, February 28, the company rating was maintained by Cowen & Co. Wells Fargo maintained JD.com, Inc. (NASDAQ:JD) on Tuesday, November 14 with “Outperform” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, January 16. The stock of JD.com, Inc. (NASDAQ:JD) has “Buy” rating given on Thursday, October 19 by KeyBanc Capital Markets.

JD.com, Inc. (NASDAQ:JD) Ratings Chart

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