JD.com, Inc. $JD Stake Reduced by Ethic Inc.

Ethic Inc. cut its holdings in JD.com, Inc. (NASDAQ:JD) by 30.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,858 shares of the information services provider’s stock after selling 16,107 shares during the quarter. Ethic Inc.’s holdings in JD.com were worth $1,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JD. Rehmann Capital Advisory Group raised its holdings in JD.com by 6.4% during the 2nd quarter. Rehmann Capital Advisory Group now owns 7,018 shares of the information services provider’s stock worth $229,000 after buying an additional 421 shares during the period. Guinness Asset Management LTD raised its holdings in JD.com by 13.5% during the 1st quarter. Guinness Asset Management LTD now owns 3,679 shares of the information services provider’s stock worth $151,000 after buying an additional 439 shares during the period. Harbour Investments Inc. raised its holdings in JD.com by 22.2% during the 1st quarter. Harbour Investments Inc. now owns 2,720 shares of the information services provider’s stock worth $112,000 after buying an additional 494 shares during the period. Pekin Hardy Strauss Inc. raised its holdings in JD.com by 3.5% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 14,650 shares of the information services provider’s stock worth $602,000 after buying an additional 500 shares during the period. Finally, Quintet Private Bank Europe S.A. raised its holdings in JD.com by 6.4% during the 2nd quarter. Quintet Private Bank Europe S.A. now owns 8,313 shares of the information services provider’s stock worth $271,000 after buying an additional 500 shares during the period. 15.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Arete upgraded JD.com from a “sell” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Friday, September 26th. 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 report on Thursday, July 10th. Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. UBS Group dropped their target price on JD.com from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 10th. Finally, Mizuho set a $41.00 target price on JD.com in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.92.

JD.com Price Performance

Shares of JD opened at $33.19 on Monday. The company has a market capitalization of $47.55 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 3.37 and a beta of 0.39. The business’s 50-day moving average is $33.26 and its 200-day moving average is $33.18. JD.com, Inc. has a fifty-two week low of $29.90 and a fifty-two week high of $46.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90.

About JD.com

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.