JD.com, Inc. (NASDAQ:JD) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its position in JD.com, Inc. (NASDAQ:JD) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,435 shares of the information services provider’s stock after selling 1,044 shares during the period. Commonwealth Equity Services LLC’s holdings in JD.com were worth $4,188,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of JD.com in the first quarter worth about $28,000. Heritage Wealth Management LLC grew its position in shares of JD.com by 81.7% in the fourth quarter. Heritage Wealth Management LLC now owns 656 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 295 shares in the last quarter. Sandy Spring Bank purchased a new position in JD.com during the first quarter worth approximately $35,000. First Manhattan Co. boosted its stake in JD.com by 32.5% during the fourth quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock worth $56,000 after buying an additional 244 shares during the last quarter. Finally, 1832 Asset Management L.P. acquired a new position in shares of JD.com during the 1st quarter valued at about $64,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD stock opened at $34.10 on Friday. The company has a market cap of $47.63 billion, a P/E ratio of 17.76, a PEG ratio of 0.32 and a beta of 0.54. The firm has a fifty day moving average price of $36.27 and a 200 day moving average price of $38.23. The company has a current ratio of 1.34, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. JD.com, Inc. has a 12 month low of $31.57 and a 12 month high of $67.10.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Wednesday, August 16th. The information services provider reported $5.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.95 by $0.44. The business had revenue of $287.93 billion during the quarter, compared to analysts’ expectations of $279.99 billion. JD.com had a return on equity of 10.25% and a net margin of 2.04%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. Sell-side analysts predict that JD.com, Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on JD shares. Bank of America reduced their target price on shares of JD.com from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th. StockNews.com cut shares of JD.com from a “buy” rating to a “hold” rating in a research report on Wednesday. Benchmark upped their price target on JD.com from $72.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Susquehanna cut their price target on shares of JD.com from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Loop Capital lowered their price objective on shares of JD.com from $49.00 to $40.00 in a research note on Wednesday, May 10th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, JD.com currently has a consensus rating of “Hold” and an average price target of $54.42.

JD.com Company Profile

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, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.