Hsbc Holdings PLC Cuts Stake in JD.com, Inc. $JD

Hsbc Holdings PLC lessened its stake in shares of JD.com, Inc. (NASDAQ:JD) by 15.4% during the fourth quarter, HoldingsChannel reports. The firm owned 250,115 shares of the information services provider’s stock after selling 45,422 shares during the period. Hsbc Holdings PLC’s holdings in JD.com were worth $7,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of JD. SIH Partners LLLP grew its stake in shares of JD.com by 74.1% in the fourth quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock valued at $143,255,000 after buying an additional 2,125,212 shares in the last quarter. Syquant Capital Sas purchased a new stake in shares of JD.com during the 4th quarter valued at about $35,323,000. Northwestern Mutual Wealth Management Co. lifted its position in JD.com by 1,172.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,636 shares of the information services provider’s stock worth $35,434,000 after acquiring an additional 1,137,592 shares in the last quarter. HighTower Advisors LLC lifted its position in JD.com by 197.2% during the 4th quarter. HighTower Advisors LLC now owns 1,384,810 shares of the information services provider’s stock worth $39,744,000 after acquiring an additional 918,880 shares in the last quarter. Finally, L1 Capital Pty Ltd purchased a new position in JD.com in the 4th quarter worth approximately $20,959,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Up 0.8%

Shares of NASDAQ:JD opened at $25.39 on Friday. The firm has a market cap of $31.69 billion, a PE ratio of 19.84 and a beta of 0.39. The company has a fifty day simple moving average of $29.63 and a 200 day simple moving average of $28.92. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. JD.com, Inc. has a 12-month low of $24.51 and a 12-month high of $36.86.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. The firm had revenue of $45.79 billion for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. On average, equities research analysts anticipate that JD.com, Inc. will post 2.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JD has been the subject of several recent research reports. Wall Street Zen raised shares of JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Bank of America restated a “buy” rating and issued a $33.00 target price on shares of JD.com in a research note on Thursday, March 5th. Nomura raised their price target on shares of JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th. Susquehanna lifted their price target on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Morgan Stanley boosted their price objective on shares of JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.62.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.