Krane Funds Advisors LLC raised its holdings in Aurora Mobile Ltd – (NASDAQ:JG) by 74.7% during the 1st quarter, Holdings Channel reports. The fund owned 470,766 shares of the company’s stock after buying an additional 201,239 shares during the period. Krane Funds Advisors LLC’s holdings in Aurora Mobile were worth $3,107,000 at the end of the most recent quarter.
Separately, Jane Street Group LLC purchased a new position in shares of Aurora Mobile during the 3rd quarter worth $137,000. 2.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of Aurora Mobile stock traded up $0.07 during trading hours on Wednesday, hitting $7.87. 13,647 shares of the company’s stock traded hands, compared to its average volume of 46,099. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.91 and a current ratio of 4.91. Aurora Mobile Ltd – has a twelve month low of $5.00 and a twelve month high of $11.72.
Separately, Goldman Sachs Group lowered Aurora Mobile from a “buy” rating to a “neutral” rating and cut their target price for the stock from $12.00 to $9.70 in a research report on Wednesday, March 6th.
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Aurora Mobile Company Profile
Aurora Mobile Limited provides mobile big data solutions platform in the People's Republic of China. The company offers developer services that integrate with various mobile apps and provide core in-app functionalities needed by developers, including push notification, instant messaging, analytics, sharing, and short message service.
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