JD.com, Inc. (NASDAQ:JD) Position Trimmed by CenterBook Partners LP

Key Points

• CenterBook Partners LP significantly reduced its stake in JD.com by selling 64,574 shares, resulting in an 89.2% decrease in ownership, leaving them with 7,817 shares valued at approximately $321,000.
• Despite the reduction by CenterBook, other investors, such as CoreView Capital Management, Voya Investment Management, and ANTIPODES PARTNERS, have increased their positions in JD.com, highlighting a mixed sentiment among institutional investors.
• In terms of analyst ratings, JD.com received several downgrades, with Arete Research changing its rating from "hold" to "strong sell," while others maintained a "moderate buy" consensus with a price target of $44.00.

CenterBook Partners LP lowered its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 89.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,817 shares of the information services provider's stock after selling 64,574 shares during the period. CenterBook Partners LP's holdings in JD.com were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC purchased a new position in JD.com during the first quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new position in JD.com during the first quarter worth $32,000. Wayfinding Financial LLC purchased a new position in JD.com during the first quarter worth $56,000. GeoWealth Management LLC increased its position in JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after buying an additional 785 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after purchasing an additional 308 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JD. Bank of America cut their price objective on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, July 14th. UBS Group dropped their target price on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Arete Research cut shares of JD.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 1st. Macquarie restated a "neutral" rating and issued a $35.00 price target on shares of JD.com in a report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, JD.com currently has a consensus rating of "Moderate Buy" and an average target price of $44.00.

JD.com Price Performance

NASDAQ:JD traded down $0.26 during mid-day trading on Friday, reaching $31.49. 4,285,598 shares of the stock were exchanged, compared to its average volume of 9,676,601. The business has a fifty day moving average price of $32.52 and a 200 day moving average price of $36.15. The firm has a market capitalization of $43.98 billion, a PE ratio of 7.66, a PEG ratio of 4.11 and a beta of 0.46. JD.com, Inc. has a 1-year low of $25.24 and a 1-year high of $47.82. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18.

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.