Handelsbanken Fonder AB Trims Stake in JD.com, Inc. $JD

Handelsbanken Fonder AB lessened its holdings in JD.com, Inc. (NASDAQ:JD) by 21.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 687,000 shares of the information services provider’s stock after selling 183,895 shares during the period. Handelsbanken Fonder AB’s holdings in JD.com were worth $24,031,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JD. Fifth Lane Capital LP acquired a new position in JD.com in the third quarter valued at about $350,000. Parametrica Management Ltd acquired a new stake in shares of JD.com during the third quarter valued at about $622,000. US Bancorp DE raised its stake in shares of JD.com by 41.7% in the 3rd quarter. US Bancorp DE now owns 41,179 shares of the information services provider’s stock valued at $1,440,000 after acquiring an additional 12,127 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of JD.com in the 3rd quarter worth approximately $449,000. Finally, Aurora Investment Managers LLC. lifted its holdings in shares of JD.com by 24.6% in the 3rd quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock worth $9,427,000 after acquiring an additional 53,223 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Price Performance

Shares of JD opened at $26.53 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. JD.com, Inc. has a fifty-two week low of $26.40 and a fifty-two week high of $46.44. The firm has a 50-day simple moving average of $28.61 and a 200-day simple moving average of $30.82. The company has a market capitalization of $38.01 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 5.68 and a beta of 0.41.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Nomura cut their target price on JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, November 17th. Sanford C. Bernstein restated an “outperform” rating and set a $38.00 price target on shares of JD.com in a research report on Friday, November 14th. Wall Street Zen upgraded JD.com from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Susquehanna restated a “neutral” rating on shares of JD.com in a report on Monday, November 24th. Finally, Arete Research set a $32.00 target price on JD.com in a research report on Tuesday, December 9th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.46.

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.