JD.com, Inc. (NASDAQ:JD) Stake Cut by SRN Advisors LLC

SRN Advisors LLC decreased its holdings in JD.com, Inc. (NASDAQ:JD) by 44.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,684 shares of the information services provider’s stock after selling 24,960 shares during the period. SRN Advisors LLC’s holdings in JD.com were worth $819,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JD. Atlas Capital Advisors LLC acquired a new stake in shares of JD.com in the 2nd quarter valued at $28,000. Allspring Global Investments Holdings LLC lifted its position in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after buying an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC bought a new stake in shares of JD.com during the 1st quarter worth about $58,000. Parallel Advisors LLC increased its holdings in shares of JD.com by 20.1% during the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after acquiring an additional 686 shares during the last quarter. Finally, Advisors Preferred LLC bought a new position in shares of JD.com in the 1st quarter valued at approximately $126,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Price Performance

JD.com stock opened at $42.93 on Wednesday. The business has a 50 day simple moving average of $27.99 and a 200 day simple moving average of $28.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The company has a market capitalization of $67.71 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 0.45 and a beta of 0.39. JD.com, Inc. has a one year low of $20.82 and a one year high of $43.00.

JD.com (NASDAQ:JD) last released its quarterly earnings results 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 business had revenue of $291.40 billion for 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%. JD.com’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. On average, sell-side analysts forecast that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on JD. Sanford C. Bernstein decreased their target price on 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. Susquehanna reaffirmed a “neutral” rating and set a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. Benchmark dropped their target price on shares of JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Loop Capital decreased their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a report on Friday, June 21st. Finally, StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a research note on Monday. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.