JD.com, Inc. $JD Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. lessened its stake in JD.com, Inc. (NASDAQ:JD) by 19.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,247 shares of the information services provider’s stock after selling 55,038 shares during the period. Cibc World Market Inc.’s holdings in JD.com were worth $7,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Wace LLP boosted its holdings in JD.com by 48.9% during the second quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock worth $174,166,000 after buying an additional 1,753,236 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in shares of JD.com in the third quarter worth about $51,741,000. Crake Asset Management LLP purchased a new stake in shares of JD.com during the 2nd quarter worth about $41,975,000. Assenagon Asset Management S.A. acquired a new stake in shares of JD.com during the 3rd quarter valued at about $36,749,000. Finally, Maple Rock Capital Partners Inc. grew its position in shares of JD.com by 101.3% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,849,324 shares of the information services provider’s stock valued at $60,362,000 after acquiring an additional 930,814 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Price Performance

Shares of JD opened at $27.14 on Friday. JD.com, Inc. has a fifty-two week low of $27.02 and a fifty-two week high of $46.44. The firm’s 50 day moving average price is $29.00 and its 200 day moving average price is $31.12. The company has a market cap of $38.88 billion, a P/E ratio of 9.23, a PEG ratio of 5.89 and a beta of 0.41. 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 quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $40.87 billion. During the same quarter last year, the company posted $8.68 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. On average, research analysts forecast that JD.com, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

JD has been the subject of a number of analyst reports. Wall Street Zen cut JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Benchmark reduced their target price on JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Arete Research set a $32.00 price target on shares of JD.com in a research note on Tuesday, December 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of JD.com in a report on Monday, December 29th. Finally, Susquehanna restated a “neutral” rating on shares of JD.com in a research report on Monday, November 24th. Eleven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $38.71.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.