HighVista Strategies LLC Decreases Position in JD.com, Inc. (NASDAQ:JD)

HighVista Strategies LLC decreased its holdings in JD.com, Inc. (NASDAQ:JD) by 69.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,183 shares of the information services provider’s stock after selling 43,282 shares during the period. HighVista Strategies LLC’s holdings in JD.com were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Frank Rimerman Advisors LLC purchased a new stake in shares of JD.com during the second quarter worth approximately $558,000. Westwood Holdings Group Inc. purchased a new stake in shares of JD.com in the 2nd quarter valued at approximately $3,116,000. Oaktree Fund Advisors LLC raised its holdings in shares of JD.com by 35.8% in the 2nd quarter. Oaktree Fund Advisors LLC now owns 328,166 shares of the information services provider’s stock valued at $8,480,000 after purchasing an additional 86,573 shares in the last quarter. Sei Investments Co. grew its stake in shares of JD.com by 4.3% during the second quarter. Sei Investments Co. now owns 202,723 shares of the information services provider’s stock worth $5,238,000 after purchasing an additional 8,295 shares in the last quarter. Finally, Columbus Hill Capital Management L.P. acquired a new stake in JD.com in the second quarter valued at $1,305,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Trading Down 0.7 %

NASDAQ:JD opened at $28.55 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $26.56 and its 200-day simple moving average is $27.90. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $35.69. The firm has a market cap of $45.03 billion, a P/E ratio of 13.04 and a beta of 0.39.

JD.com (NASDAQ:JD) last announced 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 company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. JD.com’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. Equities analysts anticipate that JD.com, Inc. will post 3.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Benchmark decreased their target price on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Susquehanna reiterated a “neutral” rating and set a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. Sanford C. Bernstein reduced their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. JPMorgan Chase & Co. raised JD.com from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $33.00 to $36.00 in a report on Friday, August 16th. Finally, Loop Capital reduced their target price on JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a report on Friday, June 21st. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.93.

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.