SRN Advisors LLC Reduces Holdings in JD.com, Inc. $JD

Key Points

• SRN Advisors LLC significantly reduced its stake in JD.com, Inc. by 79.2% in the first quarter, ending up with just 7,549 shares valued at $310,000.
• Other institutional investors such as Parallel Advisors LLC and Farther Finance Advisors LLC increased their positions in JD.com, indicating varying confidence in the stock among different investors.
• Analyst ratings for JD.com have been mixed, with target price reductions from firms like Bank of America and Benchmark, yet the stock still holds a consensus rating of "Moderate Buy".

SRN Advisors LLC lowered its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 79.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,549 shares of the information services provider's stock after selling 28,751 shares during the period. SRN Advisors LLC's holdings in JD.com were worth $310,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JD. Hexagon Capital Partners LLC purchased a new position in shares of JD.com during the first quarter valued at $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of JD.com during the first quarter valued at $32,000. Wayfinding Financial LLC purchased a new position in shares of JD.com during the first quarter valued at $56,000. Farther Finance Advisors LLC increased its stake in shares of 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 valued at $66,000 after buying an additional 308 shares during the period. Finally, Smithfield Trust Co increased its stake in shares of 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 valued at $82,000 after buying an additional 1,933 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

Analysts Set New Price Targets

JD has been the topic of several research reports. Benchmark cut their price target on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Mizuho cut their price target on JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 14th. Wall Street Zen lowered JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. cut their target price on JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Finally, Citigroup assumed coverage on JD.com in a research note on Monday, August 11th. They issued a "buy" rating and a $42.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, JD.com presently has an average rating of "Moderate Buy" and an average price target of $43.31.

JD.com Stock Up 2.2%

JD traded up $0.68 on Monday, hitting $31.07. The company had a trading volume of 18,766,938 shares, compared to its average volume of 10,644,455. JD.com, Inc. has a 12-month low of $25.61 and a 12-month high of $47.82. The stock has a market capitalization of $43.39 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 3.53 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. The stock has a fifty day moving average price of $32.04 and a 200-day moving average price of $35.10.

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.