US Bancorp DE cut its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 38.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,469 shares of the information services provider's stock after selling 19,361 shares during the period. US Bancorp DE's holdings in JD.com were worth $1,253,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of JD. Hexagon Capital Partners LLC purchased a new stake in JD.com during the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new stake in JD.com during the 1st quarter worth about $32,000. GeoWealth Management LLC lifted its holdings in JD.com by 129.1% during the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after buying an additional 785 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in JD.com during the 1st quarter worth about $56,000. Finally, Farther Finance Advisors LLC lifted its holdings 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 buying an additional 308 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, May 27th. Susquehanna cut their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, May 15th. UBS Group dropped their price target on JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. Macquarie restated a "neutral" rating and set a $35.00 price target on shares of JD.com in a research note on Wednesday, April 23rd. Finally, Arete downgraded JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Tuesday, June 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.00.
Check Out Our Latest Report on JD.com
JD.com Stock Performance
NASDAQ JD traded down $0.26 on Friday, hitting $31.49. 4,285,598 shares of the company's stock were exchanged, compared to its average volume of 9,503,030. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. The firm's 50-day moving average price is $32.52 and its two-hundred day moving average price is $36.13. JD.com, Inc. has a fifty-two week low of $25.24 and a fifty-two week high of $47.82. The firm has a market cap of $43.98 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 4.11 and a beta of 0.46.
JD.com Profile
(
Free Report)
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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