JD.com, Inc. (NASDAQ:JD) Position Lowered by Generali Investments CEE investicni spolecnost a.s.

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

Several other hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after acquiring an additional 13,170,649 shares during the last quarter. Appaloosa LP boosted its stake 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 acquiring an additional 3,165,885 shares during the period. CoreView Capital Management Ltd boosted its stake in JD.com by 204.8% during the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock valued at $221,878,000 after buying an additional 4,299,872 shares during the last quarter. Temasek Holdings Private Ltd boosted its stake in JD.com by 18.4% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after buying an additional 718,760 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in JD.com by 14.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 3,801,669 shares of the information services provider's stock valued at $156,325,000 after buying an additional 487,969 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JD has been the topic of several recent analyst reports. Wall Street Zen downgraded JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Morgan Stanley set a $39.00 price target on JD.com in a report on Tuesday, May 13th. Macquarie reiterated a "neutral" rating and issued a $35.00 price target on shares of JD.com in a report on Wednesday, April 23rd. Citigroup reiterated a "buy" rating and issued a $51.00 price target (down from $56.00) on shares of JD.com in a report on Monday, April 28th. Finally, Benchmark reduced their price objective on JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $46.23.

JD.com Stock Performance

NASDAQ JD traded down $0.41 during trading hours on Friday, hitting $32.07. 5,948,477 shares of the stock were exchanged, compared to its average volume of 13,973,076. The company has a market cap of $50.57 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 1.15 and a beta of 0.48. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The stock has a 50-day moving average of $33.29 and a 200 day moving average of $36.75. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18.

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.