JD.com, Inc. $JD Stake Reduced by Quadrant Capital Group LLC

Key Points

• Quadrant Capital Group cut its JD.com stake by 64.7% in the third quarter, selling 58,595 shares and retaining 31,940 shares worth approximately $855,000. Institutional investors and hedge funds collectively own 15.98% of JD.com.
• JD.com shares opened at $25.36, near the company’s 52-week low of $24.51 and below its 50-day and 200-day moving averages. The stock has a $31.66 billion market capitalization and a price-to-earnings ratio of 17.61.
• The company recently beat quarterly earnings expectations, reporting $0.93 EPS versus the $0.86 consensus and $50.99 billion in revenue, although revenue declined 2.9% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $35.33.

Quadrant Capital Group LLC lowered its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 64.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,940 shares of the information services provider's stock after selling 58,595 shares during the period. Quadrant Capital Group LLC's holdings in JD.com were worth $855,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Pacific Financial boosted its stake in shares of JD.com by 2.9% during the 1st quarter. First Pacific Financial now owns 14,210 shares of the information services provider's stock worth $420,000 after buying an additional 395 shares during the last quarter. Quintet Private Bank Europe S.A. grew its holdings in shares of JD.com by 5.8% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 8,263 shares of the information services provider's stock valued at $220,000 after acquiring an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of JD.com by 52.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,713 shares of the information services provider's stock valued at $51,000 after acquiring an additional 589 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of JD.com by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 61,939 shares of the information services provider's stock valued at $1,832,000 after acquiring an additional 743 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in JD.com by 184.4% during the first quarter. Assetmark Inc. now owns 3,293 shares of the information services provider's stock worth $97,000 after acquiring an additional 2,135 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Down 1.2%

Shares of JD stock opened at $25.36 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 1.14. The firm's 50-day moving average is $27.35 and its 200-day moving average is $28.87. The stock has a market cap of $31.66 billion, a price-to-earnings ratio of 17.61 and a beta of 0.33. JD.com, Inc. has a 52-week low of $24.51 and a 52-week high of $35.06.

JD.com (NASDAQ:JD - Get Free Report) last issued its earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $50.99 billion during the quarter, compared to the consensus estimate of $50.38 billion. JD.com had a net margin of 1.13% and a return on equity of 6.78%. JD.com's revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $4.97 EPS. Sell-side analysts predict that JD.com, Inc. will post 2.90 EPS for the current year.

Analysts Set New Price Targets

JD has been the subject of several recent research reports. Arete Research set a $30.00 price target on JD.com and gave the company a "neutral" rating in a research report on Monday, September 7th. Bank of America lowered their price target on JD.com from $38.00 to $37.00 and set a "buy" rating on the stock in a research report on Tuesday, October 13th. Weiss Ratings cut JD.com from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a report on Friday, August 14th. Finally, Susquehanna cut their price objective on JD.com from $35.00 to $30.00 and set a "neutral" rating for the company in a report on Monday, August 17th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.33.

JD.com Profile

JD.com, Inc NASDAQ: JD is a technology and e-commerce company headquartered in Beijing, China. The company operates an online retail platform offering consumer electronics, appliances, computers, mobile devices, apparel, groceries, healthcare products and other consumer goods. Its business includes both direct sales of products and a marketplace that enables third-party merchants to reach customers.

Founded in 1998 by Richard Liu, JD.com has developed an integrated retail and logistics model designed to support product sourcing, warehousing, order fulfillment and delivery.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.