Emerging Sovereign Group LLC Maintains Stake in Jd Com INC (JD)

July 17, 2017 - By Clifton Ray

J Kevin Kenny Jr increased its stake in Jd Com Inc (JD) by 206.36% based on its latest 2016Q4 regulatory filing with the SEC. Emerging Sovereign Group Llc bought 3.41M shares as the company’s stock rose 37.55% with the market. The hedge fund run by J Kevin Kenny Jr held 5.06 million shares of the consumer services company at the end of 2016Q4, valued at $128.78 million, up from 1.65 million at the end of the previous reported quarter. Emerging Sovereign Group Llc who had been investing in Jd Com Inc for a number of months, seems to be bullish on the $60.29 billion market cap company. The stock decreased 0.90% or $0.38 during the last trading session, reaching $41.63. About 7.56 million shares traded. JD.Com Inc(ADR) (NASDAQ:JD) has risen 77.67% since July 17, 2016 and is uptrending. It has outperformed by 60.97% the S&P500.

Emerging Sovereign Group Llc, which manages about $7.90 billion and $723.68M US Long portfolio, decreased its stake in Yum Brands Inc (NYSE:YUM) by 1.09 million shares to 896,028 shares, valued at $56.75M in 2016Q4, according to the filing. It also reduced its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 571,420 shares in the quarter, leaving it with 789,660 shares, and cut its stake in 58 Com Inc (NYSE:WUBA).

More news for JD.Com Inc(ADR) (NASDAQ:JD) were recently published by: Benzinga.com, which released: “15 Stocks Moving In Monday’s Pre-Market Session” on June 19, 2017. Benzinga.com‘s article titled: “Is Alibaba A Potent Threat In Smart Speaker Market?” and published on July 11, 2017 is yet another important article.

JD.Com Inc(ADR) (NASDAQ:JD) Ratings Coverage

Among 16 analysts covering JD.com (NASDAQ:JD), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. JD.com had 25 analyst reports since August 4, 2015 according to SRatingsIntel. Morgan Stanley downgraded JD.Com Inc(ADR) (NASDAQ:JD) rating on Monday, August 10. Morgan Stanley has “Overweight” rating and $35 target. The rating was maintained by Jefferies on Friday, June 16 with “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Friday, October 14. The firm earned “Outperform” rating on Tuesday, August 11 by Macquarie Research. The rating was initiated by Bernstein with “Underperform” on Wednesday, January 11. The stock of JD.Com Inc(ADR) (NASDAQ:JD) earned “Buy” rating by Jefferies on Thursday, August 11. The rating was upgraded by JP Morgan to “Overweight” on Monday, January 9. The firm earned “Buy” rating on Tuesday, August 4 by TH Capital. The company was initiated on Tuesday, November 10 by HSBC. The rating was initiated by TH Capital with “Buy” on Thursday, August 6.

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