Sumitomo Mitsui Trust Group Inc. Has $341,000 Holdings in JD.com, Inc. (NASDAQ:JD)

Sumitomo Mitsui Trust Group Inc. cut its stake in JD.com, Inc. (NASDAQ:JD) by 85.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,844 shares of the information services provider’s stock after selling 55,629 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in JD.com were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JD. FMR LLC boosted its stake in shares of JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after buying an additional 4,445,277 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after buying an additional 4,839,700 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of JD.com by 9.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock worth $162,904,000 after buying an additional 336,740 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after purchasing an additional 2,175,568 shares during the period. Finally, Maple Rock Capital Partners Inc. raised its holdings in shares of JD.com by 5.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after purchasing an additional 200,200 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Trading Up 4.5 %

Shares of JD opened at $41.38 on Friday. The firm’s 50-day moving average price is $37.71 and its 200-day moving average price is $35.15. The firm has a market capitalization of $65.26 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.30 and a beta of 0.40. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 1-year low of $21.18 and a 1-year high of $47.82.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and lowered their price target for the company from $49.00 to $48.00 in a report on Monday, October 21st. Citigroup lowered their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a report on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and set a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price 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.