Gateway Investment Advisers LLC cut its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 68.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,842 shares of the information services provider's stock after selling 17,081 shares during the quarter. Gateway Investment Advisers LLC's holdings in JD.com were worth $256,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Hexagon Capital Partners LLC purchased a new stake in JD.com during the first quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new stake in JD.com during the first quarter valued at about $32,000. Wayfinding Financial LLC purchased a new stake in JD.com during the first quarter valued at about $56,000. Farther Finance Advisors LLC lifted its stake in JD.com by 23.7% during the first 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 lifted its stake in JD.com by 3,451.8% during the first 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. 15.98% of the stock is owned by hedge funds and other institutional investors.
JD.com Price Performance
Shares of NASDAQ JD traded down $0.83 during midday trading on Monday, reaching $34.27. 8,376,310 shares of the company traded hands, compared to its average volume of 13,069,146. The stock's 50-day simple moving average is $32.34 and its 200-day simple moving average is $34.33. 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 12 month low of $29.09 and a 12 month high of $47.82. The firm has a market cap of $47.86 billion, a PE ratio of 9.59, a PEG ratio of 3.94 and a beta of 0.36.
Analyst Upgrades and Downgrades
JD has been the subject of a number of research analyst reports. Arete Research lowered shares of JD.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 1st. Arete lowered shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price target for the company. in a research report on Tuesday, June 24th. Morgan Stanley reduced their price target on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Citigroup initiated coverage on shares of JD.com in a research report on Monday, August 11th. They issued a "buy" rating and a $42.00 price target for the company. Finally, Zacks Research raised shares of JD.com from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.31.
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About JD.com
(
Free Report)
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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