JD.com, Inc. $JD Stock: CenterBook Partners LP Lowers Stake

CenterBook Partners LP lowered its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 55.7% during the third quarter, HoldingsChannel reports. The firm owned 22,038 shares of the information services provider’s stock after selling 27,738 shares during the quarter. CenterBook Partners LP’s holdings in JD.com were worth $586,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its holdings in shares of JD.com by 2.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,356,490 shares of the information services provider’s stock valued at $222,283,000 after purchasing an additional 235,034 shares in the last quarter. KBC Group NV grew its position in shares of JD.com by 78.8% in the 1st quarter. KBC Group NV now owns 459,316 shares of the information services provider’s stock valued at $13,582,000 after purchasing an additional 202,488 shares during the period. Handelsbanken Fonder AB grew its position in shares of JD.com by 20.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 477,000 shares of the information services provider’s stock valued at $12,154,000 after purchasing an additional 80,000 shares during the period. Tidal Investments LLC grew its position in shares of JD.com by 109.1% in the 2nd quarter. Tidal Investments LLC now owns 382,838 shares of the information services provider’s stock valued at $9,755,000 after purchasing an additional 199,724 shares during the period. Finally, Pekin Hardy Strauss Inc. increased its stake in JD.com by 41.8% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 285,837 shares of the information services provider’s stock worth $7,603,000 after purchasing an additional 84,207 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

JD opened at $27.85 on Thursday. The business’s 50-day moving average price is $26.88 and its two-hundred day moving average price is $28.53. JD.com, Inc. has a 1 year low of $24.51 and a 1 year high of $34.30. The company has a market capitalization of $34.76 billion, a price-to-earnings ratio of 14.82 and a beta of 0.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.14 and a quick ratio of 0.82.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $50.99 billion for the quarter, compared to analyst estimates of $50.38 billion. JD.com had a return on equity of 6.78% and a net margin of 1.13%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.97 earnings per share. Equities analysts expect that JD.com, Inc. will post 2.90 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on JD. Benchmark restated a “buy” rating on shares of JD.com in a report on Friday, August 14th. Weiss Ratings raised shares of JD.com from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a report on Friday, August 14th. Bank of America reduced their price target on shares of JD.com from $38.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Finally, Zacks Research downgraded shares of JD.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

JD.com Company Profile

JD.com, Inc. is a China-based technology and e-commerce company that operates an online retail platform. It sells a broad range of products, including electronics, home appliances, apparel, groceries and household goods, through direct sales and marketplace services that connect customers with third-party merchants. The company also provides logistics and supply-chain services through its JD Logistics business, including warehousing, delivery and fulfillment for JD.com and other businesses. Its operations are centered in China, and it serves customers in selected international markets through cross-border commerce and other services.