Baring Asset Management LTD Continues to Hold Position in Jd.Com INC (JD)

March 17, 2018 - By Darrin Black

Baring Asset Management Ltd increased its stake in Jd.Com Inc (JD) by 25.44% based on its latest 2017Q3 regulatory filing with the SEC. Baring Asset Management Ltd bought 400,490 shares as the company’s stock rose 37.55% with the market. The institutional investor held 1.97M shares of the consumer services company at the end of 2017Q3, valued at $75.44 million, up from 1.57M at the end of the previous reported quarter. Baring Asset Management Ltd who had been investing in Jd.Com Inc for a number of months, seems to be bullish on the $64.14B market cap company. The stock increased 0.07% or $0.03 during the last trading session, reaching $44.97. About 14.66 million shares traded or 4.59% up from the average., Inc. (NASDAQ:JD) has risen 77.67% since March 17, 2017 and is uptrending. It has outperformed by 60.97% the S&P500.

Baring Asset Management Ltd, which manages about $1.71 billion US Long portfolio, decreased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 247,028 shares to 1.64M shares, valued at $283.86M in 2017Q3, according to the filing. It also reduced its holding in Mobileye Nv (NYSE:MBLY) by 136,472 shares in the quarter, leaving it with 386,470 shares, and cut its stake in Albemarle Corp. (NYSE:ALB)., Inc. (NASDAQ:JD) Ratings Coverage

Among 22 analysts covering (NASDAQ:JD), 17 have Buy rating, 0 Sell and 5 Hold. Therefore 77% are positive. has $56.0 highest and $21 lowest target. $42.58’s average target is -5.31% below currents $44.97 stock price. had 48 analyst reports since August 4, 2015 according to SRatingsIntel. On Thursday, October 19 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The firm has “Neutral” rating given on Thursday, August 11 by Bank of America. Bernstein initiated the stock with “Underperform” rating in Wednesday, January 11 report. Wells Fargo initiated the shares of JD in report on Tuesday, September 26 with “Buy” rating. The stock has “Buy” rating by Jefferies on Tuesday, August 22. Jefferies maintained the shares of JD in report on Friday, June 16 with “Buy” rating. Jefferies maintained, Inc. (NASDAQ:JD) on Tuesday, October 3 with “Buy” rating. The firm has “Buy” rating given on Friday, October 14 by Stifel Nicolaus. The stock has “Buy” rating by TH Capital on Tuesday, August 4. The rating was maintained by Cowen & Co on Wednesday, August 16 with “Hold”.

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