Ping Capital Management Inc. Has $493,000 Stock Position in JD.com, Inc. (NASDAQ:JD)

Ping Capital Management Inc. decreased its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 57.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,000 shares of the information services provider's stock after selling 16,000 shares during the period. Ping Capital Management Inc.'s holdings in JD.com were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of JD. Brighton Jones LLC purchased a new stake in shares of JD.com in the fourth quarter worth approximately $270,000. Raymond James Financial Inc. acquired a new stake in shares of JD.com in the fourth quarter worth $2,363,000. Farther Finance Advisors LLC grew its stake in shares of JD.com by 111.6% in the fourth 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. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in JD.com during the fourth quarter worth $268,000. Finally, Commonwealth Equity Services LLC boosted its stake in JD.com by 38.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 68,736 shares of the information services provider's stock worth $2,383,000 after buying an additional 19,025 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Up 3.8%

NASDAQ JD traded up $1.23 during trading on Friday, hitting $33.92. The stock had a trading volume of 23,753,557 shares, compared to its average volume of 14,002,460. The company has a market capitalization of $47.37 billion, a PE ratio of 8.25, a P/E/G ratio of 4.28 and a beta of 0.48. The company's 50-day moving average price is $32.98 and its two-hundred day moving average price is $36.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82.

Analyst Ratings Changes

A number of research firms recently issued reports on JD. Wall Street Zen cut JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Benchmark cut their price target on JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Mizuho cut their price target on JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Arete Research raised JD.com to a "hold" rating in a report on Tuesday, June 24th. Finally, UBS Group lowered their price objective on JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Six equities research 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.46.

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.