JD.com, Inc. $JD Shares Sold by Matthews International Capital Management LLC

Key Points

• Matthews International Capital Management LLC has reduced its holdings in JD.com by 79.4%, selling 90,423 shares in the second quarter and now holding 23,508 shares valued at approximately $767,000.
• Analyst ratings for JD.com show a mix, with two analysts giving a Strong Buy rating, ten a Buy rating, and five a Hold rating; the current consensus price target is $42.86.
• JD.com stock is currently trading at $35.40, with a market capitalization of $50.71 billion and a 12-month price range between $29.90 and $47.82.

Matthews International Capital Management LLC decreased its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 79.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,508 shares of the information services provider's stock after selling 90,423 shares during the quarter. Matthews International Capital Management LLC's holdings in JD.com were worth $767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com during the first quarter worth about $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of JD.com during the first quarter worth about $32,000. Ameritas Advisory Services LLC acquired a new stake in shares of JD.com during the second quarter worth about $37,000. Wayfinding Financial LLC purchased a new position in JD.com during the first quarter valued at approximately $56,000. Finally, Farther Finance Advisors LLC raised its position 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 acquiring an additional 308 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

Analyst Upgrades and Downgrades

JD has been the subject of several recent research reports. Bank of America reduced their price target on JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Morgan Stanley reduced their price target on 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. Zacks Research upgraded JD.com from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Arete Research set a $41.00 price target on JD.com in a research report on Friday, September 26th. Finally, Arete upgraded JD.com from a "sell" rating to a "buy" rating and set a $41.00 price target for the company in a research report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.86.

JD.com Stock Down 1.6%

JD.com stock opened at $35.40 on Friday. The stock has a market capitalization of $50.71 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 4.06 and a beta of 0.39. JD.com, Inc. has a 12 month low of $29.90 and a 12 month high of $47.82. The business has a 50 day simple moving average of $32.75 and a 200-day simple moving average of $33.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90.

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.

Want to see what other hedge funds are holding JD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JD.com, Inc. (NASDAQ:JD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.