Clark Capital Management Group Inc. Decreases Holdings in JD.com, Inc. $JD

Key Points

• Clark Capital Management Group Inc. reduced its holdings in JD.com by 10.9%, selling 160,633 shares and holding a total of 1,313,852 shares worth $54 million.
• Several institutional investors, including Parallel Advisors LLC and Farther Finance Advisors LLC, increased their stakes in JD.com, reflecting continued interest in the company from the investment community.
• Analysts have lowered their price targets for JD.com, with reports from Mizuho and Susquehanna setting new objectives at $48.00 and $40.00 respectively, while the stock currently holds a consensus rating of Moderate Buy.

Clark Capital Management Group Inc. lowered its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 10.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,313,852 shares of the information services provider's stock after selling 160,633 shares during the period. Clark Capital Management Group Inc. owned about 0.08% of JD.com worth $54,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JD. Brighton Jones LLC acquired a new stake in shares of JD.com during the fourth quarter worth about $270,000. Northern Trust Corp increased its position in shares of JD.com by 24.9% during the fourth quarter. Northern Trust Corp now owns 1,103,762 shares of the information services provider's stock worth $38,267,000 after purchasing an additional 220,146 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of JD.com by 22.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,688 shares of the information services provider's stock worth $648,000 after purchasing an additional 3,364 shares in the last quarter. Bank of America Corp DE increased its position in shares of JD.com by 63.3% during the fourth quarter. Bank of America Corp DE now owns 2,420,595 shares of the information services provider's stock worth $83,922,000 after purchasing an additional 938,036 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in shares of JD.com during the fourth quarter worth about $297,000. Institutional investors and hedge funds own 15.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JD. Benchmark cut their target price on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Susquehanna dropped their price target on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, May 15th. Mizuho dropped their price target on JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 14th. Morgan Stanley dropped their price target on JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Finally, Arete Research cut JD.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.31.

JD.com Stock Performance

NASDAQ JD traded up $1.40 on Monday, hitting $32.85. 21,413,959 shares of the company's stock were exchanged, compared to its average volume of 12,471,396. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. The firm's 50-day moving average price is $31.91 and its two-hundred day moving average price is $34.86. JD.com, Inc. has a fifty-two week low of $25.61 and a fifty-two week high of $47.82. The firm has a market cap of $45.88 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 3.53 and a beta of 0.36.

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.