ABN Amro Investment Solutions Has $470,000 Stock Holdings in JD.com, Inc. $JD

ABN Amro Investment Solutions lowered its stake in shares of JD.com, Inc. (NASDAQ:JD) by 61.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,447 shares of the information services provider’s stock after selling 21,700 shares during the period. ABN Amro Investment Solutions’ holdings in JD.com were worth $470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Stone House Investment Management LLC purchased a new stake in shares of JD.com during the third quarter worth $35,000. Assetmark Inc. grew its stake in JD.com by 62.0% in the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 399 shares in the last quarter. Golden State Wealth Management LLC increased its position in JD.com by 657.9% in the 3rd quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. Union Bancaire Privee UBP SA increased its position in JD.com by 136.0% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider’s stock worth $41,000 after purchasing an additional 680 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of JD.com by 158.4% during the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock worth $44,000 after purchasing an additional 830 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Down 1.4%

JD stock opened at $27.14 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. JD.com, Inc. has a 52-week low of $27.02 and a 52-week high of $46.44. The company has a 50-day moving average of $28.95 and a two-hundred day moving average of $31.08. The stock has a market capitalization of $38.88 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 5.81 and a beta of 0.41.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Susquehanna reissued a “neutral” rating on shares of JD.com in a research note on Monday, November 24th. Nomura decreased their target price on shares of JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, November 17th. Weiss Ratings restated a “hold (c-)” rating on shares of JD.com in a research note on Monday, December 29th. Zacks Research lowered shares of JD.com from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Finally, HSBC reiterated a “buy” rating and issued a $37.00 price objective on shares of JD.com in a report on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.