Generali Investments CEE investicni spolecnost a.s. Cuts Stake in JD.com, Inc. (NASDAQ:JD)

Generali Investments CEE investicni spolecnost a.s. lowered its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 44.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,800 shares of the information services provider's stock after selling 52,700 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in JD.com were worth $2,706,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in JD.com by 86.2% in the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after purchasing an additional 13,170,649 shares during the period. CoreView Capital Management Ltd lifted its holdings in shares of JD.com by 204.8% in the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock worth $221,878,000 after buying an additional 4,299,872 shares in the last quarter. Appaloosa LP lifted its holdings in shares of JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after buying an additional 3,165,885 shares in the last quarter. Voya Investment Management LLC bought a new position in shares of JD.com in the fourth quarter valued at approximately $109,665,000. Finally, Aspex Management HK Ltd purchased a new position in JD.com during the fourth quarter valued at approximately $93,562,000. Institutional investors own 15.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Bank of America decreased their price target on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley set a $39.00 price target on shares of JD.com in a report on Tuesday, May 13th. Benchmark dropped their price target on shares of JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Wall Street Zen cut shares of JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Macquarie reiterated a "neutral" rating and set a $35.00 target price on shares of JD.com in a report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $46.23.

JD.com Price Performance

Shares of JD.com stock traded up $0.68 during trading hours on Tuesday, reaching $32.70. 8,180,305 shares of the company's stock were exchanged, compared to its average volume of 13,952,352. The business has a fifty day moving average of $33.27 and a two-hundred day moving average of $36.71. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $51.57 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 1.15 and a beta of 0.48. JD.com, Inc. has a 1 year low of $24.13 and a 1 year 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.