As Jd Com INC (JD) Shares Rose, Emerging Sovereign Group LLC Upped by $85.24 Million Its Holding

July 17, 2017 - By Stephen Andrade

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 3.41 million 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 1.65M 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 7.56M 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 $7.90B and $723.68 million US Long portfolio, decreased its stake in Constellation Brands Inc (NYSE:STZ) by 388,927 shares to 155,154 shares, valued at $23.79M 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. The firm has “Neutral” rating given on Wednesday, August 31 by JP Morgan. The stock has “Market Perform” rating by Bernstein on Tuesday, May 9. The stock of JD.Com Inc(ADR) (NASDAQ:JD) has “Neutral” rating given on Thursday, August 11 by Bank of America. The firm has “Outperform” rating by Macquarie Research given on Tuesday, August 11. The rating was downgraded by Credit Suisse on Tuesday, May 10 to “Neutral”. As per Thursday, August 11, the company rating was maintained by Nomura. M Partners downgraded the stock to “Neutral” rating in Tuesday, September 20 report. The stock of JD.Com Inc(ADR) (NASDAQ:JD) earned “Buy” rating by TH Capital on Thursday, August 6. The firm has “Buy” rating given on Friday, October 14 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, December 15 by M Partners.

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