Generali Investments CEE investicni spolecnost a.s. Lowers Position in JD.com, Inc. $JD

Key Points

• Generali Investments CEE investicni spolecnost a.s. has reduced its position in JD.com by 33.2%, owning 43,960 shares after selling 21,840 shares during the second quarter.
• Recent analyst reports have resulted in varied ratings for JD.com, with UBS Group lowering its price target from $58.00 to $50.00, while Arete Research upgraded it to a buy rating with a target price of $41.00.
• As of the latest market performance, JD.com has a market capitalization of $50.11 billion and its stock currently trades at around $34.98 per share.

Generali Investments CEE investicni spolecnost a.s. lessened its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 33.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,960 shares of the information services provider's stock after selling 21,840 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in JD.com were worth $1,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hexagon Capital Partners LLC purchased a new position in shares of JD.com in the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new position in JD.com during the 1st quarter valued at approximately $32,000. Wayfinding Financial LLC bought a new position in JD.com during the 1st quarter valued at approximately $56,000. Farther Finance Advisors LLC increased its position in 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 buying an additional 308 shares in the last quarter. Finally, Smithfield Trust Co increased its position in 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 buying an additional 1,933 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JD. UBS Group reduced their price objective on 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 set a $41.00 target price on JD.com in a report on Friday. Arete raised JD.com from a "sell" rating to a "buy" rating and set a $41.00 target price for the company in a report on Friday, September 26th. Zacks Research raised JD.com from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Finally, Citigroup assumed coverage on JD.com in a report on Monday, August 11th. They issued a "buy" rating and a $42.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $42.86.

JD.com Price Performance

NASDAQ JD opened at $34.98 on Wednesday. The company has a market capitalization of $50.11 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. The business's fifty day moving average is $32.61 and its 200 day moving average is $34.05. JD.com, Inc. has a fifty-two week low of $29.90 and a fifty-two week high of $47.82.

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.

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