JD.com, Inc. (NASDAQ:JD) Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd lessened its stake in JD.com, Inc. (NASDAQ:JD) by 1.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,600 shares of the information services provider’s stock after selling 2,000 shares during the period. Premier Fund Managers Ltd’s holdings in JD.com were worth $7,382,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in JD.com by 5.9% in the 1st quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider’s stock valued at $223,000 after acquiring an additional 304 shares during the period. Farther Finance Advisors LLC increased its position in JD.com by 23.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock valued at $66,000 after acquiring an additional 308 shares during the period. Lakeshore Capital Group Inc. increased its position in JD.com by 2.4% in the 1st quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider’s stock valued at $556,000 after acquiring an additional 322 shares during the period. Compagnie Lombard Odier SCmA increased its position in JD.com by 21.4% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider’s stock valued at $93,000 after acquiring an additional 400 shares during the period. Finally, Rehmann Capital Advisory Group increased its position in JD.com by 7.7% in the 1st quarter. Rehmann Capital Advisory Group now owns 6,597 shares of the information services provider’s stock valued at $271,000 after acquiring an additional 474 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on JD. Macquarie restated a “neutral” rating and issued a $35.00 price target on shares of JD.com in a research report on Wednesday, April 23rd. Citigroup reiterated a “buy” rating and set a $51.00 target price (down previously from $56.00) on shares of JD.com in a research report on Monday, April 28th. JPMorgan Chase & Co. dropped their target price on JD.com from $48.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 27th. Morgan Stanley dropped their target price on JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Finally, Benchmark dropped their target price on JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.00.

JD.com Stock Performance

JD opened at $33.22 on Tuesday. The stock has a market cap of $46.40 billion, a P/E ratio of 8.08, a P/E/G ratio of 4.34 and a beta of 0.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $32.79 and its 200 day simple moving average is $36.47. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.