Public Employees Retirement System of Ohio Lowers Stock Holdings in JD.com, Inc. $JD

Key Points

• The Public Employees Retirement System of Ohio has reduced its stake in JD.com, Inc. by 31.3%, owning 210,206 shares after selling 95,745 shares in the second quarter.
• Several other institutional investors have made significant changes to their positions in JD.com, with some acquiring new stakes and others increasing their holdings.
• JD.com's stock has a current market capitalization of $49.42 billion and various target prices from analysts, ranging from $28.00 to $44.00.

Public Employees Retirement System of Ohio reduced its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 31.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,206 shares of the information services provider's stock after selling 95,745 shares during the quarter. Public Employees Retirement System of Ohio's holdings in JD.com were worth $6,861,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hexagon Capital Partners LLC acquired a new stake in JD.com during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of JD.com during the first quarter worth $32,000. Wayfinding Financial LLC purchased a new position in JD.com in the first quarter valued at $56,000. Farther Finance Advisors LLC grew its stake in JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after purchasing an additional 308 shares in the last quarter. Finally, Smithfield Trust Co raised its position in JD.com by 3,451.8% in the 1st quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider's stock valued at $82,000 after purchasing an additional 1,933 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Stock Performance

JD.com stock opened at $34.50 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. JD.com, Inc. has a one year low of $29.90 and a one year high of $47.82. The stock's 50 day moving average price is $32.54 and its 200 day moving average price is $34.09. The firm has a market capitalization of $49.42 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 3.90 and a beta of 0.36.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JD shares. Morgan Stanley cut their target price 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. Bank of America dropped their price target on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. Arete Research set a $41.00 price target on JD.com in a report on Friday. Zacks Research raised shares of JD.com from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Finally, Citigroup started coverage on JD.com in a research report on Monday, August 11th. They set a "buy" rating and a $42.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, JD.com presently has an average rating of "Moderate Buy" and an average target price of $42.86.

JD.com Company 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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