JD.com, Inc. $JD Holdings Lowered by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its stake in JD.com, Inc. (NASDAQ:JD) by 32.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,135,399 shares of the information services provider’s stock after selling 1,009,809 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.15% of JD.com worth $69,699,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Hhlr Advisors LTD. boosted its position in shares of JD.com by 184.7% during the 1st quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock valued at $197,857,000 after purchasing an additional 3,121,700 shares in the last quarter. Voya Investment Management LLC lifted its stake in JD.com by 63.8% during the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock valued at $213,075,000 after purchasing an additional 2,018,675 shares during the last quarter. Dodge & Cox boosted its holdings in JD.com by 8.0% during the first quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider’s stock worth $742,748,000 after buying an additional 1,339,508 shares in the last quarter. Crake Asset Management LLP bought a new stake in JD.com during the second quarter worth approximately $41,975,000. Finally, GQG Partners LLC grew its position in JD.com by 770.9% in the first quarter. GQG Partners LLC now owns 1,260,326 shares of the information services provider’s stock worth $51,825,000 after buying an additional 1,115,607 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Down 0.4%

JD opened at $29.74 on Friday. The firm has a market cap of $42.60 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 6.72 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. The business has a 50 day moving average price of $32.21 and a 200 day moving average price of $32.47. JD.com, Inc. has a twelve month low of $28.21 and a twelve month high of $46.44.

JD.com (NASDAQ:JD) last released its quarterly 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. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The company had revenue of $41.98 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same quarter last year, the firm posted $8.68 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Research analysts forecast that JD.com, Inc. will post 3.91 EPS for the current year.

Analysts Set New Price Targets

JD has been the subject of several analyst reports. Morgan Stanley downgraded JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 target price for the company. in a report on Monday, November 10th. Mizuho set a $41.00 price objective on shares of JD.com in a research note on Wednesday, October 22nd. Arete Research set a $41.00 target price on shares of JD.com in a research report on Friday, September 26th. Citigroup initiated coverage on shares of JD.com in a report on Monday, August 11th. They set a “buy” rating and a $42.00 price target on the stock. Finally, Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average target price of $40.43.

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.