Platinum Investment Management Ltd. Has $3.02 Million Stake in JD.com, Inc. $JD

Key Points

• Platinum Investment Management Ltd. has significantly reduced its stake in JD.com, Inc. by 78.4%, leaving it with 92,596 shares worth approximately $3.02 million.
• Several institutional investors have altered their positions in JD.com, with notable stakes including an acquisition worth $32,000 by N.E.W. Advisory Services LLC and a drastic 3,451.8% increase by Smithfield Trust Co.
• JD.com has seen a varied analyst sentiment, with target prices ranging from $28 to $53, and an average price target standing at $42.86 indicating a "Moderate Buy" rating.

Platinum Investment Management Ltd. cut its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 78.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,596 shares of the information services provider's stock after selling 336,492 shares during the quarter. Platinum Investment Management Ltd.'s holdings in JD.com were worth $3,022,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in JD. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in JD.com during the first quarter worth $32,000. Wayfinding Financial LLC acquired a new stake in JD.com during the first quarter worth $56,000. Farther Finance Advisors LLC boosted its stake in JD.com by 23.7% during the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after buying an additional 308 shares in the last quarter. Finally, Smithfield Trust Co boosted its stake in JD.com by 3,451.8% during the first quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider's stock worth $82,000 after buying an additional 1,933 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Price Performance

NASDAQ:JD opened at $36.17 on Thursday. The firm has a market cap of $51.81 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 3.95 and a beta of 0.39. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a 12 month low of $29.90 and a 12 month high of $47.82. The company's 50-day moving average price is $32.65 and its two-hundred day moving average price is $34.06.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on JD shares. Benchmark decreased their target price on shares of JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Citigroup initiated coverage on JD.com in a report on Monday, August 11th. They set a "buy" rating and a $42.00 price objective on the stock. Zacks Research raised JD.com from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Morgan Stanley decreased their price objective on JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Finally, Arete Research set a $41.00 price target on JD.com in a research note on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $42.86.

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.

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