SG Americas Securities LLC Cuts Holdings in JD.com, Inc. (NASDAQ:JD)

SG Americas Securities LLC decreased its stake in shares of JD.com, Inc. (NASDAQ:JDGet Rating) by 71.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 31,735 shares of the information services provider’s stock after selling 80,975 shares during the period. SG Americas Securities LLC’s holdings in JD.com were worth $1,837,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Dodge & Cox boosted its position in shares of JD.com by 10.9% during the 4th quarter. Dodge & Cox now owns 10,765,249 shares of the information services provider’s stock worth $754,321,000 after acquiring an additional 1,055,400 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of JD.com by 7.7% during the 4th quarter. Fisher Asset Management LLC now owns 7,762,363 shares of the information services provider’s stock worth $543,909,000 after acquiring an additional 558,030 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of JD.com by 17,167.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 5,622,191 shares of the information services provider’s stock worth $325,356,000 after acquiring an additional 5,589,631 shares in the last quarter. GQG Partners LLC boosted its position in shares of JD.com by 143.5% during the 4th quarter. GQG Partners LLC now owns 4,869,736 shares of the information services provider’s stock worth $341,177,000 after acquiring an additional 2,869,837 shares in the last quarter. Finally, Anatole Investment Management Ltd boosted its position in shares of JD.com by 14.9% during the 4th quarter. Anatole Investment Management Ltd now owns 4,677,991 shares of the information services provider’s stock worth $327,787,000 after acquiring an additional 607,142 shares in the last quarter. Hedge funds and other institutional investors own 31.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JD. CLSA decreased their target price on JD.com from $108.00 to $100.00 in a research report on Wednesday, April 13th. Citigroup upped their target price on JD.com from $90.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, July 11th. Benchmark decreased their target price on JD.com from $117.00 to $106.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Mizuho decreased their target price on JD.com from $100.00 to $90.00 in a research report on Monday, May 2nd. Finally, JPMorgan Chase & Co. raised JD.com from an “underweight” rating to a “neutral” rating and upped their target price for the company from $40.00 to $58.00 in a research report on Monday, May 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.87.

JD.com Stock Performance

Shares of JD stock opened at $62.98 on Tuesday. The company has a market cap of $84.88 billion, a price-to-earnings ratio of -61.75 and a beta of 0.45. The stock has a 50 day simple moving average of $60.23 and a 200-day simple moving average of $62.73. JD.com, Inc. has a 12-month low of $41.56 and a 12-month high of $92.69. The company has a current ratio of 1.32, a quick ratio of 1.01 and a debt-to-equity ratio of 0.06.

JD.com (NASDAQ:JDGet Rating) last issued its earnings results on Tuesday, May 17th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.10. JD.com had a positive return on equity of 3.95% and a negative net margin of 1.03%. The business had revenue of $239.66 billion during the quarter, compared to the consensus estimate of $235.73 billion. During the same period in the prior year, the business posted $0.22 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, equities analysts forecast that JD.com, Inc. will post 1.34 EPS for the current year.

JD.com Announces Dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, June 14th. Investors of record on Friday, May 20th were paid a $1.26 dividend. The ex-dividend date of this dividend was Thursday, May 19th.

JD.com Profile

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JD.com, Inc provides supply chain-based technologies and services 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, books, automobile accessories, apparel and footwear, bags, and jewelry.

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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