Baring Asset Management LTD Has Lifted Its Position in Jd.Com INC (JD) by $15.22 Million as Valuation Rose

January 13, 2018 - By Adrian Erickson

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 1.97 million shares of the consumer services company at the end of 2017Q3, valued at $75.44M, up from 1.57 million 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 $66.07B market cap company. The stock decreased 0.45% or $0.21 during the last trading session, reaching $46.4. About 9.37 million shares traded. JD.com, Inc. (NASDAQ:JD) has risen 77.67% since January 13, 2017 and is uptrending. It has outperformed by 60.97% the S&P500.

Baring Asset Management Ltd, which manages about $1.71B US Long portfolio, decreased its stake in Fomento Economico Mexicano S. A. B. De C. V. (NYSE:FMX) by 56,048 shares to 45,304 shares, valued at $4.33 million in 2017Q3, according to the filing. It also reduced its holding in Adecoagro Sa (NYSE:AGRO) by 407,283 shares in the quarter, leaving it with 269,206 shares, and cut its stake in Gds Holdings Ltd.

More notable recent JD.com, Inc. (NASDAQ:JD) news were published by: Investorplace.com which released: “Western Expansion, Offline Retail Will Drive JD.Com Inc Stock Higher” on January 12, 2018, also Investorplace.com with their article: “If You Want the Amazon of China, Buy JD.Com Inc (ADR) Stock Not BABA” published on December 18, 2017, Investorplace.com published: “The Real Risk of Owning JD.com Stock” on January 11, 2018. More interesting news about JD.com, Inc. (NASDAQ:JD) were released by: Investorplace.com and their article: “Why JD.Com Inc(ADR) Stock Is the Amazon of China” published on December 21, 2017 as well as Investorplace.com‘s news article titled: “Strategic Initiatives Make JD.Com Inc Stock a Long-Term Winner” with publication date: January 05, 2018.

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

Among 21 analysts covering JD.com (NASDAQ:JD), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. JD.com had 42 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained JD.com, Inc. (NASDAQ:JD) on Friday, June 16 with “Buy” rating. On Thursday, August 11 the stock rating was maintained by Nomura with “Buy”. The stock has “Buy” rating by Jefferies on Monday, July 17. The stock has “Buy” rating by TH Capital on Tuesday, August 4. The stock has “Market Perform” rating by Bernstein on Tuesday, May 9. The firm has “Overweight” rating given on Wednesday, November 15 by JP Morgan. The firm earned “Buy” rating on Thursday, August 6 by TH Capital. The firm has “Underperform” rating by Bernstein given on Wednesday, January 11. The firm has “Buy” rating by Jefferies given on Tuesday, August 22. The firm has “Buy” rating by M Partners given on Tuesday, December 15.

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