Rhumbline Advisers Has $330,000 Position in JD.com, Inc. $JD

Key Points

• Rhumbline Advisers has reduced its stake in JD.com by 50.5%, now holding 8,020 shares valued at $330,000.
• Several other hedge funds acquired positions in JD.com during the first quarter, increasing institutional ownership to approximately 15.98%.
• Analysts' ratings for JD.com vary, with the average rating being a "Moderate Buy" and a consensus target price of $43.31.

Rhumbline Advisers reduced its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 50.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,020 shares of the information services provider's stock after selling 8,166 shares during the period. Rhumbline Advisers' holdings in JD.com were worth $330,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hexagon Capital Partners LLC acquired a new stake in JD.com in the first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new stake in JD.com in the first quarter worth $32,000. Wayfinding Financial LLC acquired a new stake in JD.com in the first quarter worth $56,000. Farther Finance Advisors LLC raised its holdings in JD.com by 23.7% in the first 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 during the period. Finally, Smithfield Trust Co raised its holdings in JD.com by 3,451.8% in the first quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider's stock worth $82,000 after purchasing an additional 1,933 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on JD shares. Arete Research lowered shares of JD.com from a "hold" rating to a "strong sell" rating in a report on Friday, August 1st. Arete lowered shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price on the stock. in a report on Tuesday, June 24th. Bank of America dropped their price objective on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, July 14th. Citigroup started coverage on shares of JD.com in a report on Monday, August 11th. They set a "buy" rating and a $42.00 price objective on the stock. Finally, Morgan Stanley dropped their price objective on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, JD.com presently has an average rating of "Moderate Buy" and a consensus target price of $43.31.

JD.com Stock Up 5.7%

JD.com stock opened at $34.83 on Thursday. The company has a market cap of $48.65 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 3.69 and a beta of 0.36. JD.com, Inc. has a 1-year low of $29.90 and a 1-year high of $47.82. The company has a fifty day simple moving average of $32.48 and a 200 day simple moving average of $34.26. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19.

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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