Handelsbanken Fonder AB Sells 60,000 Shares of JD.com, Inc. (NASDAQ:JD)

Handelsbanken Fonder AB reduced its position in shares of JD.com, Inc. (NASDAQ:JD) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 636,507 shares of the information services provider’s stock after selling 60,000 shares during the period. Handelsbanken Fonder AB’s holdings in JD.com were worth $22,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alberta Investment Management Corp boosted its holdings in JD.com by 25.4% in the fourth quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider’s stock valued at $17,492,000 after acquiring an additional 102,326 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in JD.com by 48.2% in the fourth quarter. Global Retirement Partners LLC now owns 5,898 shares of the information services provider’s stock valued at $204,000 after acquiring an additional 1,917 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in JD.com by 187.1% in the fourth quarter. Sanctuary Advisors LLC now owns 66,327 shares of the information services provider’s stock valued at $2,300,000 after acquiring an additional 43,227 shares during the last quarter. Principal Financial Group Inc. bought a new stake in JD.com in the fourth quarter valued at approximately $1,319,000. Finally, Nkcfo LLC boosted its holdings in JD.com by 1,951.3% in the fourth quarter. Nkcfo LLC now owns 12,000 shares of the information services provider’s stock valued at $416,000 after acquiring an additional 11,415 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Citigroup dropped their price target on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Dbs Bank raised JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Price Performance

Shares of NASDAQ:JD opened at $42.42 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a twelve month low of $21.18 and a twelve month high of $47.82. The stock’s 50 day moving average is $37.89 and its 200-day moving average is $35.67. The firm has a market capitalization of $66.90 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.29 and a beta of 0.40.

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.