Rhumbline Advisers Reduces Stock Position in JD.com, Inc. (NASDAQ:JD)

Rhumbline Advisers lowered its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 50.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock valued at $45,000 after buying an additional 684 shares during the period. GeoWealth Management LLC lifted its position in JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock valued at $48,000 after buying an additional 785 shares during the period. Allianz SE bought a new stake in JD.com in the fourth quarter worth $52,000. Union Bancaire Privee UBP SA bought a new stake in JD.com in the fourth quarter worth $66,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in JD.com by 91.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,156 shares of the information services provider's stock worth $75,000 after acquiring an additional 1,031 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. Macquarie reiterated a "neutral" rating and set a $35.00 target price on shares of JD.com in a research note on Wednesday, April 23rd. Arete downgraded shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price target on the stock. in a report on Tuesday. Benchmark decreased their price objective on shares of JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Morgan Stanley set a $39.00 target price on shares of JD.com in a report on Tuesday, May 13th. Finally, Wall Street Zen downgraded JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $46.23.

JD.com Price Performance

Shares of JD.com stock opened at $32.58 on Wednesday. The stock has a market cap of $51.38 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 1.07 and a beta of 0.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. The stock has a 50 day moving average price of $33.49 and a 200-day moving average price of $37.06. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82.

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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