Contrarius Group Holdings Ltd Sells 243,227 Shares of JD.com, Inc. $JD

Contrarius Group Holdings Ltd reduced its stake in JD.com, Inc. (NASDAQ:JD) by 23.7% in the 4th quarter, Holdings Channel reports. The firm owned 781,692 shares of the information services provider’s stock after selling 243,227 shares during the period. JD.com accounts for approximately 1.1% of Contrarius Group Holdings Ltd’s holdings, making the stock its 20th biggest position. Contrarius Group Holdings Ltd’s holdings in JD.com were worth $22,435,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in JD.com by 0.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,912 shares of the information services provider’s stock worth $1,633,000 after purchasing an additional 354 shares during the last quarter. Assetmark Inc. boosted its holdings 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 buying an additional 399 shares during the period. Texas Yale Capital Corp. boosted its holdings in shares of JD.com by 2.9% during the 4th quarter. Texas Yale Capital Corp. now owns 14,008 shares of the information services provider’s stock worth $402,000 after buying an additional 400 shares during the period. Prelude Capital Management LLC boosted its holdings in shares of JD.com by 1.0% during the 3rd quarter. Prelude Capital Management LLC now owns 40,403 shares of the information services provider’s stock worth $1,413,000 after buying an additional 403 shares during the period. Finally, Rahlfs Capital LLC boosted its holdings in shares of JD.com by 5.7% during the 3rd quarter. Rahlfs Capital LLC now owns 7,550 shares of the information services provider’s stock worth $264,000 after buying an additional 410 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

NASDAQ:JD opened at $28.88 on Monday. The stock has a market cap of $36.05 billion, a P/E ratio of 22.56 and a beta of 0.39. JD.com, Inc. has a one year low of $24.51 and a one year high of $36.86. The company has a fifty day moving average price of $30.14 and a 200 day moving average price of $29.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87.

JD.com (NASDAQ:JD) last released its earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. The firm had revenue of $45.79 billion during the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. Analysts anticipate that JD.com, Inc. will post 2.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JD. Sanford C. Bernstein upped their price objective on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Arete Research set a $37.00 price target on JD.com in a research report on Friday, April 17th. Susquehanna raised their price target on JD.com from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Nomura raised their price target on JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Barclays raised their price target on JD.com from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average target price of $38.50.

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.