Alkeon Capital Management LLC Sells 1,052,629 Shares of JD.com, Inc. $JD

Alkeon Capital Management LLC lowered its stake in JD.com, Inc. (NASDAQ:JD) by 41.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,471,173 shares of the information services provider’s stock after selling 1,052,629 shares during the quarter. Alkeon Capital Management LLC’s holdings in JD.com were worth $42,223,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JD. Syquant Capital Sas bought a new stake in shares of JD.com in the 4th quarter valued at $35,323,000. Northwestern Mutual Wealth Management Co. increased its stake 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 valued at $35,434,000 after purchasing an additional 1,137,592 shares in the last quarter. HighTower Advisors LLC increased its stake 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 valued at $39,744,000 after purchasing an additional 918,880 shares in the last quarter. SIH Partners LLLP increased its stake in JD.com by 47.1% during the 3rd quarter. SIH Partners LLLP now owns 2,866,236 shares of the information services provider’s stock valued at $100,261,000 after purchasing an additional 917,569 shares in the last quarter. Finally, L1 Capital Pty Ltd bought a new stake in JD.com during the 4th quarter valued at $20,959,000. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

JD opened at $28.68 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market capitalization of $35.80 billion, a price-to-earnings ratio of 22.41 and a beta of 0.39. The firm’s fifty day moving average price is $30.09 and its two-hundred day moving average price is $29.11. JD.com, Inc. has a 1 year low of $24.51 and a 1 year 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 earnings per share (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%. As a group, analysts anticipate that JD.com, Inc. will post 2.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on JD. Wall Street Zen upgraded shares of JD.com from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Arete Research set a $37.00 price target on shares of JD.com in a research note on Friday, April 17th. Benchmark boosted their price target on shares of JD.com from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Nomura boosted their price target on shares of JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Susquehanna boosted their price target on shares of JD.com from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

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.