State Street Corp Reduces Position in JD.com, Inc. (NASDAQ:JD)

State Street Corp decreased its holdings in JD.com, Inc. (NASDAQ:JD) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 365,469 shares of the information services provider’s stock after selling 9,265 shares during the quarter. State Street Corp’s holdings in JD.com were worth $14,619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of JD. Stifel Financial Corp grew its stake in shares of JD.com by 35.9% in the 3rd quarter. Stifel Financial Corp now owns 174,512 shares of the information services provider’s stock worth $6,981,000 after buying an additional 46,130 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of JD.com by 20.2% during the 3rd quarter. Quantinno Capital Management LP now owns 16,105 shares of the information services provider’s stock valued at $644,000 after buying an additional 2,712 shares during the period. Pinpoint Asset Management Ltd bought a new position in shares of JD.com during the 3rd quarter valued at $13,332,000. Point72 Asset Management L.P. grew its holdings in shares of JD.com by 117.1% in the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after acquiring an additional 2,175,568 shares during the period. Finally, Polymer Capital Management HK LTD bought a new stake in JD.com during the third quarter valued at approximately $22,597,000. Institutional investors own 15.98% of the company’s stock.

JD.com Trading Up 0.5 %

NASDAQ:JD opened at $36.46 on Wednesday. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The business has a 50 day simple moving average of $37.88 and a 200 day simple moving average of $32.43. The firm has a market capitalization of $57.50 billion, a P/E ratio of 11.54, a P/E/G ratio of 0.31 and a beta of 0.38.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays increased their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Benchmark reissued a “buy” rating and set a $47.00 target price on shares of JD.com in a research note on Friday, November 15th. StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Finally, Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

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.