Park Avenue Securities LLC Sells 26,176 Shares of JD.com, Inc. $JD

Key Points

• Park Avenue Securities LLC reduced its stake in JD.com by 69.9%, selling 26,176 shares and owning 11,295 shares worth approximately $369,000 as of its latest SEC filing.
• Multiple institutional investors have shifted their holdings in JD.com, with Farther Finance Advisors increasing their stake by 1,272.6% and Polunin Capital Partners Ltd raising theirs by 1.8%.
• Analysts have mixed ratings on JD.com, with a consensus price target of $42.86 and a notable shift from "strong sell" to "hold," reflecting increased confidence among some equity research firms.

Park Avenue Securities LLC lessened its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 69.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,295 shares of the information services provider's stock after selling 26,176 shares during the period. Park Avenue Securities LLC's holdings in JD.com were worth $369,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in JD.com by 1,272.6% during the second quarter. Farther Finance Advisors LLC now owns 22,030 shares of the information services provider's stock worth $719,000 after acquiring an additional 20,425 shares in the last quarter. Perpetual Ltd raised its holdings in JD.com by 2.4% during the second quarter. Perpetual Ltd now owns 572,843 shares of the information services provider's stock worth $18,698,000 after acquiring an additional 13,587 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. bought a new stake in JD.com during the second quarter worth about $335,000. Exchange Traded Concepts LLC raised its holdings in JD.com by 42.6% during the second quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider's stock worth $3,780,000 after acquiring an additional 34,585 shares in the last quarter. Finally, Polunin Capital Partners Ltd raised its holdings in JD.com by 1.8% during the second quarter. Polunin Capital Partners Ltd now owns 2,037,856 shares of the information services provider's stock worth $66,638,000 after acquiring an additional 35,747 shares in the last quarter. Institutional investors own 15.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on JD shares. Benchmark lowered their price target on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Arete Research set a $41.00 price target on JD.com in a research report on Friday. Zacks Research raised JD.com from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Bank of America lowered their price target on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. Finally, Arete raised JD.com from a "sell" rating to a "buy" rating and set a $41.00 price target on the stock in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.86.

JD.com Price Performance

JD.com stock opened at $34.98 on Wednesday. JD.com, Inc. has a 12 month low of $29.90 and a 12 month high of $47.82. The stock's 50 day moving average is $32.61 and its 200-day moving average is $34.05. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $50.11 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 4.02 and a beta of 0.36.

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.

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