Wellington Management Group LLP Lowers Holdings in JD.com, Inc. (NASDAQ:JD)

Wellington Management Group LLP lowered its position in shares of JD.com, Inc. (NASDAQ:JD) by 86.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 321,700 shares of the information services provider’s stock after selling 2,129,849 shares during the period. Wellington Management Group LLP’s holdings in JD.com were worth $9,294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Morgan Stanley increased its holdings in shares of JD.com by 15.8% in the 3rd quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider’s stock valued at $270,267,000 after acquiring an additional 1,265,995 shares during the period. FIL Ltd raised its holdings in JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after purchasing an additional 3,441,605 shares in the last quarter. National Bank of Canada FI lifted its position in shares of JD.com by 292.4% during the fourth quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock valued at $120,679,000 after buying an additional 3,305,956 shares during the last quarter. Aspex Management HK Ltd bought a new stake in shares of JD.com in the 4th quarter valued at about $114,009,000. Finally, Discerene Group LP grew its position in shares of JD.com by 107.9% in the 4th quarter. Discerene Group LP now owns 3,347,232 shares of the information services provider’s stock worth $96,702,000 after buying an additional 1,737,572 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JD. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of JD.com in a report on Friday, May 17th. Loop Capital cut their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Morgan Stanley restated an “equal weight” rating and set a $27.00 price target on shares of JD.com in a research report on Thursday, April 18th. Nomura lowered their price objective on JD.com from $36.00 to $33.00 in a report on Friday, April 5th. Finally, Barclays increased their target price on JD.com from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and a consensus target price of $37.20.

JD.com Stock Down 4.5 %

Shares of NASDAQ JD opened at $26.26 on Friday. The company has a market capitalization of $41.42 billion, a P/E ratio of 11.99 and a beta of 0.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88. The company has a 50 day simple moving average of $30.27 and a 200-day simple moving average of $27.00. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $41.95.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.17. JD.com had a return on equity of 11.43% and a net margin of 2.26%. The company had revenue of $36.02 billion during the quarter, compared to analysts’ expectations of $35.75 billion. On average, equities research analysts predict that JD.com, Inc. will post 3.08 earnings per share for the current year.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.