JD.com, Inc. $JD Shares Sold by First Pacific Financial

First Pacific Financial lessened its stake in JD.com, Inc. (NASDAQ:JD) by 10.8% during the second quarter, Holdings Channel reports. The firm owned 15,346 shares of the information services provider’s stock after selling 1,867 shares during the period. First Pacific Financial’s holdings in JD.com were worth $501,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JD. Brighton Jones LLC acquired a new position in shares of JD.com in the 4th quarter valued at $270,000. Mackenzie Financial Corp acquired a new position in shares of JD.com in the 4th quarter valued at $327,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JD.com by 5.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,333 shares of the information services provider’s stock valued at $428,000 after purchasing an additional 645 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of JD.com by 5.9% in the 1st quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider’s stock valued at $223,000 after purchasing an additional 304 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of JD.com in the 1st quarter valued at $206,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JD. Morgan Stanley reduced their target price on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Arete Research set a $41.00 target price on shares of JD.com in a report on Friday, September 26th. Benchmark reduced their target price on shares of JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Finally, Bank of America reduced their target price on shares of JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.86.

JD.com Stock Performance

JD.com stock opened at $36.17 on Thursday. JD.com, Inc. has a 12-month low of $29.90 and a 12-month high of $47.82. The company has a market capitalization of $51.81 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 3.95 and a beta of 0.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. The firm’s fifty day moving average price is $32.65 and its 200 day moving average price is $34.06.

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.