JD.com, Inc. $JD Stock Position Cut by Ardmore Road Asset Management LP

Key Points

• Ardmore Road Asset Management LP reduced its stake in JD.com by 39.4%, owning 800,000 shares after selling 520,000 shares during the first quarter.
• JD.com has a market cap of $43.39 billion, with shares recently trading around $31.07 and a price-to-earnings ratio of 8.73.
• Analysts have lowered their target prices for JD.com, with Susquehanna reducing it from $45.00 to $40.00 and Morgan Stanley from $39.00 to $28.00, indicating a shift in market sentiment.

Ardmore Road Asset Management LP trimmed its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 39.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 800,000 shares of the information services provider's stock after selling 520,000 shares during the quarter. JD.com accounts for approximately 3.3% of Ardmore Road Asset Management LP's portfolio, making the stock its 9th largest holding. Ardmore Road Asset Management LP owned about 0.05% of JD.com worth $32,896,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vident Advisory LLC raised its holdings in shares of JD.com by 32.2% in the 1st quarter. Vident Advisory LLC now owns 14,553 shares of the information services provider's stock worth $598,000 after purchasing an additional 3,548 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of JD.com by 483.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,101,100 shares of the information services provider's stock worth $45,277,000 after purchasing an additional 912,300 shares during the period. Trexquant Investment LP purchased a new position in shares of JD.com in the 1st quarter worth about $8,918,000. Beck Bode LLC purchased a new position in shares of JD.com in the 1st quarter worth about $14,300,000. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in shares of JD.com by 80.9% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 23,997 shares of the information services provider's stock worth $987,000 after purchasing an additional 10,735 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Up 2.2%

Shares of NASDAQ:JD traded up $0.68 during mid-day trading on Monday, hitting $31.07. 18,766,938 shares of the company traded hands, compared to its average volume of 10,644,455. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. JD.com, Inc. has a 52-week low of $25.61 and a 52-week high of $47.82. The firm's 50 day simple moving average is $32.04 and its 200 day simple moving average is $35.10. The firm has a market cap of $43.39 billion, a P/E ratio of 8.73, a PEG ratio of 3.53 and a beta of 0.36.

Analyst Ratings Changes

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. Citigroup assumed coverage on JD.com in a report on Monday, August 11th. They set a "buy" rating and a $42.00 target price on the stock. Wall Street Zen downgraded JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Morgan Stanley dropped their target price on JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Finally, Benchmark dropped their target price on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock 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.