Virtu Financial LLC Reduces Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Key Points

• Virtu Financial LLC reduced its stake in JD.com by 47.8% in Q1, now holding 19,068 shares valued at $784,000.
• Other institutional investors, such as Cerity Partners LLC and Principal Financial Group Inc., increased their positions significantly, with increases of 33.1% and 1,724.9%, respectively.
• JD.com’s current stock rating from analysts includes one sell, five holds, nine buys, and one strong buy, with a consensus target price of $43.31.

Virtu Financial LLC trimmed its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 47.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,068 shares of the information services provider's stock after selling 17,475 shares during the period. Virtu Financial LLC's holdings in JD.com were worth $784,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in JD. Invesco Ltd. increased its position in shares of JD.com by 2.0% during the 1st quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider's stock worth $633,986,000 after purchasing an additional 295,900 shares in the last quarter. CoreView Capital Management Ltd grew its holdings in JD.com by 204.8% during the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock valued at $221,878,000 after purchasing an additional 4,299,872 shares during the period. Temasek Holdings Private Ltd grew its holdings in JD.com by 18.4% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after purchasing an additional 718,760 shares during the period. Federated Hermes Inc. grew its holdings in JD.com by 61.9% during the first quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider's stock valued at $179,862,000 after purchasing an additional 1,671,839 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in JD.com by 14.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 3,801,669 shares of the information services provider's stock valued at $156,325,000 after purchasing an additional 487,969 shares during the period. 15.98% of the stock is owned by institutional investors.

JD.com Trading Up 0.4%

Shares of JD.com stock traded up $0.12 during midday trading on Friday, reaching $31.70. 14,033,099 shares of the company's stock traded hands, compared to its average volume of 10,132,678. 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 company has a market cap of $44.27 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 4.12 and a beta of 0.46. The stock has a 50 day moving average of $32.40 and a 200-day moving average of $35.88. JD.com, Inc. has a 12 month low of $25.24 and a 12 month high of $47.82.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JD shares. Arete Research cut shares of JD.com from a "hold" rating to a "strong sell" rating in a report on Friday, August 1st. 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 report on Monday, July 14th. Benchmark dropped their price objective on shares of JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. 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 research note on Tuesday, June 24th. Finally, Wall Street Zen downgraded shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $43.31.

JD.com 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.