GSA Capital Partners LLP Sells 8,301 Shares of JD.com, Inc. (NASDAQ:JD)

Key Points

• GSA Capital Partners LLP reduced its holdings in JD.com, Inc. by 18.4%, selling 8,301 shares, and now owns 36,715 shares worth approximately $1.51 million.
• Several hedge funds have increased their investments in JD.com, with Norges Bank notably purchasing a new position worth about $70.13 million during the fourth quarter.
• Analysts have mixed views on JD.com, with price targets ranging from $44.00 to $51.00, and a general rating of "Moderate Buy" from investment analysts.

GSA Capital Partners LLP lessened its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 18.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,715 shares of the information services provider's stock after selling 8,301 shares during the period. GSA Capital Partners LLP's holdings in JD.com were worth $1,510,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JD. Hexagon Capital Partners LLC bought a new position in shares of JD.com during the first quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new position in shares of JD.com during the first quarter valued at about $32,000. GeoWealth Management LLC grew its stake in shares of JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock valued at $48,000 after buying an additional 785 shares during the last quarter. Allianz SE bought a new position in shares of JD.com during the fourth quarter valued at about $52,000. Finally, Wayfinding Financial LLC bought a new position in shares of JD.com during the first quarter valued at about $56,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JD. Arete Research raised JD.com to a "hold" rating in a research note on Tuesday, June 24th. Bank of America dropped their target price on shares of JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a report on Monday, July 14th. JPMorgan Chase & Co. dropped their target price on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, May 27th. Arete lowered shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price for the company. in a report on Tuesday, June 24th. Finally, Susquehanna dropped their target price on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, May 15th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $44.00.

JD.com Stock Down 1.5%

Shares of JD traded down $0.47 on Wednesday, hitting $31.75. 9,154,845 shares of the stock traded hands, compared to its average volume of 9,466,618. The company has a market capitalization of $44.34 billion, a PE ratio of 7.73, a P/E/G ratio of 4.21 and a beta of 0.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. The business has a 50 day simple moving average of $32.75 and a 200 day simple moving average of $36.44. JD.com, Inc. has a one year low of $24.13 and a one 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.