CreativeOne Wealth LLC Sells 12,768 Shares of JD.com, Inc. $JD

Key Points

• CreativeOne Wealth LLC reduced its holdings in JD.com by 49.3% during the 1st quarter, selling 12,768 shares and now has 13,153 shares valued at approximately $541,000.
• Institutional investors currently own 15.98% of JD.com, with firms like Northern Trust Corp and AXA S.A. increasing their positions significantly in the fourth quarter.
• Analyst ratings for JD.com have shifted, with multiple brokerages downgrading their target prices, while the stock currently has an average rating of "Moderate Buy" and a target price of $43.31.

CreativeOne Wealth LLC decreased its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 49.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,153 shares of the information services provider's stock after selling 12,768 shares during the period. CreativeOne Wealth LLC's holdings in JD.com were worth $541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hexagon Capital Partners LLC bought a new stake in shares of JD.com during the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of JD.com during the 1st quarter valued at $32,000. Wayfinding Financial LLC bought a new stake in shares of JD.com during the 1st quarter valued at $56,000. Farther Finance Advisors LLC raised its position 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 valued at $66,000 after acquiring an additional 308 shares during the last quarter. Finally, Smithfield Trust Co raised its position in shares of JD.com by 3,451.8% during the 1st quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider's stock valued at $82,000 after acquiring an additional 1,933 shares during the last quarter. Institutional investors own 15.98% of the company's stock.

JD.com Stock Up 1.6%

Shares of JD.com stock traded up $0.48 during trading hours on Friday, reaching $31.41. 10,954,249 shares of the company's stock were exchanged, compared to its average volume of 12,400,607. The company has a 50 day moving average of $31.94 and a two-hundred day moving average of $34.98. JD.com, Inc. has a fifty-two week low of $25.61 and a fifty-two week high of $47.82. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The stock has a market cap of $43.87 billion, a P/E ratio of 8.82, a P/E/G ratio of 3.50 and a beta of 0.36.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup began coverage on shares of JD.com in a research report on Monday, August 11th. They set a "buy" rating and a $42.00 target price for the company. Bank of America lowered their price objective on shares of JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Arete Research cut shares of JD.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 1st. Susquehanna lowered their price objective on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Finally, Arete lowered shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.31.

JD.com 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.