JD.com, Inc. (NASDAQ:JD) Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in JD.com, Inc. (NASDAQ:JD) by 4.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,489 shares of the information services provider’s stock after selling 3,439 shares during the quarter. Bank of New York Mellon Corp’s holdings in JD.com were worth $1,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of JD. Polunin Capital Partners Ltd raised its stake in shares of JD.com by 6.4% during the 2nd quarter. Polunin Capital Partners Ltd now owns 1,611,653 shares of the information services provider’s stock worth $41,645,000 after purchasing an additional 97,353 shares in the last quarter. Unique Wealth Strategies LLC acquired a new position in shares of JD.com during the second quarter worth approximately $172,000. Fifth Third Bancorp lifted its holdings in shares of JD.com by 32.3% during the second quarter. Fifth Third Bancorp now owns 18,814 shares of the information services provider’s stock worth $486,000 after buying an additional 4,589 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of JD.com during the second quarter valued at approximately $327,000. Finally, Capital Investment Counsel Inc increased its position in shares of JD.com by 20.3% during the second quarter. Capital Investment Counsel Inc now owns 11,850 shares of the information services provider’s stock valued at $306,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Loop Capital reduced their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. StockNews.com raised JD.com from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. raised JD.com from a “neutral” rating to an “overweight” rating and upped their price target for the company from $33.00 to $36.00 in a research note on Friday, August 16th. Benchmark cut their price target on JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Finally, Sanford C. Bernstein cut their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Stock Up 2.4 %

JD stock opened at $26.92 on Wednesday. The stock’s 50 day simple moving average is $26.55 and its 200 day simple moving average is $27.79. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $35.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The company has a market cap of $42.46 billion, a P/E ratio of 12.29 and a beta of 0.39.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. The firm had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. On average, research analysts expect that JD.com, Inc. will post 3.74 earnings per share for the current fiscal 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.