Mirae Asset Global Investments Co. Ltd. Decreases Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Mirae Asset Global Investments Co. Ltd. lowered its holdings in JD.com, Inc. (NASDAQ:JD) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,331 shares of the information services provider’s stock after selling 13,241 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in JD.com were worth $1,383,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JD. First Pacific Financial raised its holdings in shares of JD.com by 11.3% in the 3rd quarter. First Pacific Financial now owns 18,834 shares of the information services provider’s stock worth $753,000 after purchasing an additional 1,907 shares during the period. Prospect Financial Services LLC bought a new stake in shares of JD.com in the third quarter valued at $269,000. Seven Grand Managers LLC purchased a new position in shares of JD.com during the 3rd quarter valued at $16,800,000. Naviter Wealth LLC grew its stake in shares of JD.com by 7.1% during the 3rd quarter. Naviter Wealth LLC now owns 34,259 shares of the information services provider’s stock worth $1,370,000 after acquiring an additional 2,267 shares during the period. Finally, Aurora Investment Managers LLC. increased its holdings in JD.com by 2.4% in the 3rd quarter. Aurora Investment Managers LLC. now owns 208,649 shares of the information services provider’s stock worth $8,346,000 after acquiring an additional 4,927 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Barclays raised their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and lowered their price target for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Finally, Citigroup lowered their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, JD.com has an average rating of “Moderate Buy” and an average price target of $41.36.

JD.com Price Performance

JD opened at $40.80 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a market capitalization of $64.35 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.30 and a beta of 0.40. The stock’s 50 day moving average price is $37.42 and its 200-day moving average price is $34.89. JD.com, Inc. has a 52-week low of $21.18 and a 52-week high of $47.82.

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.