JD.com, Inc. (NASDAQ:JD) Stock Holdings Cut by Ballentine Partners LLC

Ballentine Partners LLC lessened its position in JD.com, Inc. (NASDAQ:JD) by 4.4% during the third quarter, Holdings Channel reports. The institutional investor owned 10,227 shares of the information services provider’s stock after selling 470 shares during the quarter. Ballentine Partners LLC’s holdings in JD.com were worth $409,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board raised its position in JD.com by 9.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after acquiring an additional 129,763 shares in the last quarter. Seven Grand Managers LLC bought a new stake in shares of JD.com in the 3rd quarter worth approximately $16,800,000. M&G Plc acquired a new stake in JD.com during the first quarter valued at approximately $22,920,000. SG Americas Securities LLC boosted its holdings in JD.com by 55.8% during the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock worth $3,770,000 after buying an additional 33,771 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of JD.com by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after buying an additional 63,800 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Price Performance

JD opened at $39.90 on Monday. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $47.82. The stock has a fifty day moving average price of $33.78 and a 200 day moving average price of $30.34. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The stock has a market cap of $62.93 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.61 and a beta of 0.42.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. During the same quarter in the prior year, the business posted $0.68 EPS. JD.com’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts forecast that JD.com, Inc. will post 3.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JD. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their target price for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Sanford C. Bernstein cut their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Susquehanna reiterated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Barclays boosted their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, JD.com has an average rating of “Moderate Buy” and a consensus target price of $39.67.

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.