Raymond James & Associates Sells 6,371 Shares of JD.com, Inc. (NASDAQ:JD)

Raymond James & Associates lessened its stake in shares of JD.com, Inc. (NASDAQ:JD) by 17.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,682 shares of the information services provider’s stock after selling 6,371 shares during the quarter. Raymond James & Associates’ holdings in JD.com were worth $1,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JD. E Fund Management Hong Kong Co. Ltd. acquired a new stake in JD.com in the 1st quarter valued at $81,000. Cetera Investment Advisers increased its position in shares of JD.com by 16.9% during the first quarter. Cetera Investment Advisers now owns 7,776 shares of the information services provider’s stock worth $450,000 after acquiring an additional 1,125 shares in the last quarter. West Family Investments Inc. acquired a new stake in shares of JD.com in the 1st quarter worth about $340,000. Ergoteles LLC bought a new position in JD.com in the 1st quarter valued at about $307,000. Finally, Federated Hermes Inc. boosted its stake in JD.com by 155.4% during the 1st quarter. Federated Hermes Inc. now owns 1,513,562 shares of the information services provider’s stock valued at $87,590,000 after purchasing an additional 920,886 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

Shares of JD opened at $26.94 on Friday. JD.com, Inc. has a 12-month low of $24.01 and a 12-month high of $67.10. The company has a current ratio of 1.34, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. The company has a market cap of $37.63 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.23 and a beta of 0.56. The stock has a 50-day moving average price of $29.47 and a 200-day moving average price of $33.91.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Wednesday, August 16th. The information services provider reported $5.39 earnings per share for the quarter, beating the consensus estimate of $4.95 by $0.44. JD.com had a net margin of 2.04% and a return on equity of 10.25%. The firm had revenue of $287.93 billion for the quarter, compared to analysts’ expectations of $279.99 billion. During the same quarter last year, the company posted $0.49 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that JD.com, Inc. will post 2.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JD has been the topic of a number of analyst reports. Susquehanna cut their price objective on shares of JD.com from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, August 31st. Bank of America reduced their price objective on shares of JD.com from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 17th. Macquarie reissued a “neutral” rating and set a $32.00 target price (down previously from $52.00) on shares of JD.com in a research report on Friday, October 13th. UBS Group raised JD.com from a “neutral” rating to a “buy” rating and reduced their target price for the company from $40.00 to $39.00 in a report on Wednesday. Finally, Mizuho dropped their price target on JD.com from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 17th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.14.

About JD.com

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.