DRW Securities LLC Cuts Position in JD.com, Inc. (NASDAQ:JD)

DRW Securities LLC reduced its stake in JD.com, Inc. (NASDAQ:JD) by 51.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,897 shares of the information services provider’s stock after selling 16,884 shares during the quarter. DRW Securities LLC’s holdings in JD.com were worth $411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JD. Parallel Advisors LLC lifted its position in JD.com by 20.1% in 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 in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of JD.com by 2.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock valued at $676,000 after buying an additional 719 shares during the period. Texas Yale Capital Corp. lifted its holdings in JD.com by 5.8% in the first quarter. Texas Yale Capital Corp. now owns 13,968 shares of the information services provider’s stock valued at $383,000 after acquiring an additional 760 shares during the period. Henry James International Management Inc. lifted its stake in shares of JD.com by 3.6% in the 1st quarter. Henry James International Management Inc. now owns 22,866 shares of the information services provider’s stock worth $626,000 after purchasing an additional 786 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in JD.com by 4.8% during the second quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock valued at $447,000 after buying an additional 797 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Trading Up 4.2 %

Shares of JD stock opened at $29.76 on Tuesday. The stock has a market capitalization of $46.93 billion, a P/E ratio of 13.59 and a beta of 0.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $35.69. The company has a 50 day moving average price of $26.63 and a 200 day moving average price of $27.94.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $8.57. The firm had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. Equities research analysts predict that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

Analysts Set New Price Targets

JD has been the subject of a number of recent analyst reports. Barclays dropped their price target on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. JPMorgan Chase & Co. raised shares of JD.com from a “neutral” rating to an “overweight” rating and raised their target price for the company from $33.00 to $36.00 in a report on Friday, August 16th. Benchmark reduced their price objective on JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Loop Capital dropped their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Friday, June 21st. Finally, StockNews.com raised JD.com from a “buy” rating to a “strong-buy” rating in a research report on Friday. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.93.

About JD.com

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.