MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 7,144 Shares of JD.com, Inc. $JD

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,700 shares of the information services provider’s stock after selling 7,144 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in JD.com were worth $3,566,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JD. Banque Transatlantique SA increased its position in shares of JD.com by 223.3% during the first quarter. Banque Transatlantique SA now owns 12,533 shares of the information services provider’s stock worth $476,000 after buying an additional 8,656 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of JD.com by 5.9% during the first quarter. Advisors Asset Management Inc. now owns 21,812 shares of the information services provider’s stock valued at $897,000 after acquiring an additional 1,218 shares in the last quarter. Alkeon Capital Management LLC increased its holdings in shares of JD.com by 19.8% during the first quarter. Alkeon Capital Management LLC now owns 4,523,802 shares of the information services provider’s stock valued at $186,019,000 after acquiring an additional 746,530 shares in the last quarter. Hhlr Advisors LTD. increased its holdings in shares of JD.com by 184.7% during the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock valued at $197,857,000 after acquiring an additional 3,121,700 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of JD.com by 4.5% in the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock valued at $14,241,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target 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. UBS Group cut their price objective on shares of JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, July 10th. Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Benchmark cut their price objective on shares of JD.com from $53.00 to $47.00 and set a “buy” rating for the company in a report on Monday, July 21st. Finally, Morgan Stanley reduced their price target on JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and an average price target of $43.31.

JD.com Price Performance

JD stock opened at $33.67 on Friday. JD.com, Inc. has a 1 year low of $26.12 and a 1 year high of $47.82. The company has a market cap of $47.03 billion, a P/E ratio of 9.46, a PEG ratio of 3.86 and a beta of 0.36. The firm has a 50-day moving average of $32.03 and a 200 day moving average of $34.69. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90.

JD.com Company 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.