GSA Capital Partners LLP Sells 23,363 Shares of JD.com, Inc. $JD

GSA Capital Partners LLP lowered its stake in shares of JD.com, Inc. (NASDAQ:JD) by 58.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,880 shares of the information services provider’s stock after selling 23,363 shares during the period. GSA Capital Partners LLP’s holdings in JD.com were worth $590,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Stone House Investment Management LLC acquired a new position in JD.com during the third quarter worth $35,000. Assetmark Inc. increased its stake in shares of JD.com by 62.0% during the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after purchasing an additional 399 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of 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 valued at $40,000 after purchasing an additional 1,000 shares during the period. Union Bancaire Privee UBP SA raised its holdings in shares of 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 valued at $41,000 after purchasing an additional 680 shares during the period. Finally, Allworth Financial LP lifted its stake in JD.com by 158.4% in the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 830 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on JD shares. Morgan Stanley lowered their price target on JD.com from $28.00 to $24.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 14th. Nomura decreased their target price on JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Bank of America cut their price target on JD.com from $38.00 to $36.00 and set a “buy” rating for the company in a report on Monday, January 26th. HSBC reaffirmed a “buy” rating and set a $37.00 price objective on shares of JD.com in a research report on Monday, December 29th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $38.00 price objective on shares of JD.com in a research report on Friday, November 14th. 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’s stock. Based on data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and a consensus price target of $38.71.

JD.com Stock Up 0.5%

JD stock opened at $27.41 on Monday. JD.com, Inc. has a fifty-two week low of $26.72 and a fifty-two week high of $46.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. The stock has a market capitalization of $39.27 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 5.87 and a beta of 0.41. The business’s fifty day moving average price is $28.77 and its two-hundred day moving average price is $30.97.

JD.com Company Profile

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.