JD.com, Inc. $JD Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its position in JD.com, Inc. (NASDAQ:JD) by 24.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,377 shares of the information services provider’s stock after selling 4,070 shares during the period. Fifth Third Bancorp’s holdings in JD.com were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC acquired a new stake in JD.com in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of JD.com during the 1st quarter valued at approximately $32,000. Wayfinding Financial LLC purchased a new stake in shares of JD.com during the 1st quarter worth approximately $56,000. Farther Finance Advisors LLC grew its holdings in shares of JD.com by 23.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock worth $66,000 after acquiring an additional 308 shares during the period. Finally, Smithfield Trust Co grew its holdings in shares of JD.com by 3,451.8% in the 1st quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider’s stock worth $82,000 after acquiring an additional 1,933 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Trading Down 1.9%

Shares of JD opened at $34.98 on Wednesday. The stock has a fifty day moving average of $32.61 and a two-hundred day moving average of $34.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. The company has a market capitalization of $50.11 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36. JD.com, Inc. has a fifty-two week low of $29.90 and a fifty-two week high of $47.82.

Analyst Upgrades and Downgrades

A number of research firms have commented on JD. Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Morgan Stanley cut their price target on JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Benchmark lowered their price objective on shares of JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, July 21st. Bank of America dropped their target price on shares of JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a report on Monday, July 14th. Finally, Arete Research set a $41.00 target price on shares of JD.com in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.86.

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.