Bank of New York Mellon Corp Reduces Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Bank of New York Mellon Corp lowered its stake in JD.com, Inc. (NASDAQ:JD) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,225 shares of the information services provider’s stock after selling 1,262 shares during the quarter. Bank of New York Mellon Corp’s holdings in JD.com were worth $2,847,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GeoWealth Management LLC lifted its position in JD.com by 129.1% in the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider’s stock valued at $48,000 after buying an additional 785 shares during the last quarter. Allianz SE acquired a new position in JD.com in the fourth quarter valued at about $52,000. Wayfinding Financial LLC acquired a new stake in shares of JD.com during the first quarter worth about $56,000. Farther Finance Advisors LLC lifted its position in shares of JD.com by 23.7% during the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock worth $66,000 after purchasing an additional 308 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its position in shares of JD.com by 21.4% during the first quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider’s stock worth $93,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on JD shares. Arete Research raised shares of JD.com to a “hold” rating in a research report on Tuesday, June 24th. Susquehanna reduced their target price on shares of JD.com from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, May 15th. Mizuho reduced their target price on shares of JD.com from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, May 14th. JPMorgan Chase & Co. reduced their target price on shares of JD.com from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, May 27th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $35.00 target price on shares of JD.com in a report on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

JD.com Price Performance

JD.com stock opened at $33.18 on Monday. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. The business has a fifty day moving average of $32.80 and a two-hundred day moving average of $36.47. The company has a market cap of $46.34 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48.

About JD.com

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.