JD.com, Inc. $JD Shares Sold by Boston Partners

Boston Partners reduced its stake in shares of JD.com, Inc. (NASDAQ:JD) by 92.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,751 shares of the information services provider’s stock after selling 174,751 shares during the quarter. Boston Partners’ holdings in JD.com were worth $481,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in JD.com by 2.3% in the second quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock valued at $20,291,000 after purchasing an additional 13,755 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in JD.com by 42.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock worth $3,780,000 after purchasing an additional 34,585 shares during the last quarter. Royal Bank of Canada raised its position in shares of JD.com by 4.5% in the 1st 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. Range Financial Group LLC boosted its stake in shares of JD.com by 38.0% during the 2nd quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock valued at $1,532,000 after buying an additional 12,920 shares during the last quarter. Finally, Perpetual Ltd grew its position in shares of JD.com by 2.4% during the second quarter. Perpetual Ltd now owns 572,843 shares of the information services provider’s stock worth $18,698,000 after buying an additional 13,587 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on JD. Nomura cut their price target on shares of JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of JD.com in a research report on Tuesday, November 25th. Benchmark reduced their price target on shares of JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Morgan Stanley downgraded JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 price target for the company. in a research note on Monday, November 10th. Finally, Arete Research set a $41.00 price objective on JD.com in a research note on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.43.

JD.com Price Performance

Shares of NASDAQ:JD opened at $29.85 on Monday. The company has a market cap of $42.76 billion, a PE ratio of 10.15, a P/E/G ratio of 6.71 and a beta of 0.41. JD.com, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $46.44. The firm has a 50-day simple moving average of $32.55 and a 200 day simple moving average of $32.56. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $41.98 billion during the quarter, compared to the consensus estimate of $40.87 billion. JD.com had a return on equity of 10.99% and a net margin of 2.46%.JD.com’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.68 earnings per share. On average, sell-side analysts anticipate that JD.com, Inc. will post 3.91 EPS for the current year.

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.