New York State Common Retirement Fund Sells 179,637 Shares of JD.com, Inc. (NASDAQ:JD)

New York State Common Retirement Fund cut its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 44.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 228,300 shares of the information services provider's stock after selling 179,637 shares during the period. New York State Common Retirement Fund's holdings in JD.com were worth $9,388,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JD. Hexagon Capital Partners LLC acquired a new position in shares of JD.com in the 1st quarter valued at $25,000. Farther Finance Advisors LLC boosted its stake in JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after acquiring an additional 684 shares during the last quarter. GeoWealth Management LLC raised its holdings in JD.com by 129.1% during the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after buying an additional 785 shares during the period. Allianz SE acquired a new stake in JD.com during the 4th quarter worth approximately $52,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of JD.com in the first quarter valued at approximately $56,000. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JD shares. UBS Group cut their price objective on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Susquehanna dropped their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price objective 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. Macquarie reissued a "neutral" rating and set a $35.00 target price on shares of JD.com in a research note on Wednesday, April 23rd. Finally, Morgan Stanley cut their price objective on JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.46.

JD.com Price Performance

JD traded up $1.23 during midday trading on Friday, reaching $33.92. 23,753,557 shares of the company's stock were exchanged, compared to its average volume of 14,039,427. The firm has a market capitalization of $47.37 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 4.44 and a beta of 0.48. 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, Inc. has a one year low of $24.13 and a one year high of $47.82. The business has a 50-day simple moving average of $32.98 and a two-hundred day simple moving average of $36.49.

About JD.com

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.