Patriot Financial Group Insurance Agency LLC Sells 1,985 Shares of JD.com, Inc. (NASDAQ:JD)

Patriot Financial Group Insurance Agency LLC lowered its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 14.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 11,562 shares of the information services provider’s stock after selling 1,985 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in JD.com were worth $462,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Discerene Group LP grew its position in shares of JD.com by 66.0% in the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock valued at $152,147,000 after purchasing an additional 2,207,619 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of JD.com by 30.7% in the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after purchasing an additional 1,368,356 shares during the last quarter. M&G Plc acquired a new position in shares of JD.com in the first quarter valued at approximately $22,920,000. Varma Mutual Pension Insurance Co grew its position in shares of JD.com by 285.0% in the second quarter. Varma Mutual Pension Insurance Co now owns 946,300 shares of the information services provider’s stock valued at $24,452,000 after purchasing an additional 700,500 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of JD.com by 16.4% in the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after purchasing an additional 603,211 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

JD has been the topic of several research reports. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. Sanford C. Bernstein cut their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Susquehanna reiterated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and cut their price target for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. boosted their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, JD.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

JD.com Stock Down 1.2 %

NASDAQ JD opened at $41.14 on Wednesday. The business has a fifty day moving average price of $34.28 and a two-hundred day moving average price of $30.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The stock has a market capitalization of $64.88 billion, a PE ratio of 18.79, 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, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same period in the prior year, the company earned $0.68 EPS. JD.com’s revenue was up 1.2% compared to the same quarter last year. Equities analysts expect that JD.com, Inc. will post 3.77 earnings per share for the current fiscal year.

JD.com Company 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.