Maple Rock Capital Partners Inc. Lowers Stake in JD.com, Inc. $JD

Maple Rock Capital Partners Inc. lessened its stake in JD.com, Inc. (NASDAQ:JD) by 11.8% in the 2nd quarter, Holdings Channel reports. The firm owned 2,670,542 shares of the information services provider’s stock after selling 355,720 shares during the period. JD.com comprises about 1.4% of Maple Rock Capital Partners Inc.’s portfolio, making the stock its 24th largest holding. Maple Rock Capital Partners Inc.’s holdings in JD.com were worth $68,045,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JD. Binnacle Investments Inc lifted its stake in JD.com by 365.8% during the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after purchasing an additional 589 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of JD.com by 1,020.0% in the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after buying an additional 1,020 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of JD.com in the third quarter valued at $43,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of JD.com by 191.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after buying an additional 815 shares during the period. Finally, EFG International AG purchased a new stake in shares of JD.com in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on JD. Mizuho set a $39.00 target price on JD.com in a report on Friday, August 14th. Weiss Ratings upgraded shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. Susquehanna reduced their price target on shares of JD.com from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. Zacks Research lowered shares of JD.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Benchmark restated a “buy” rating on shares of JD.com in a report on Friday, August 14th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and an average price target of $35.83.

JD.com Stock Down 1.7%

Shares of NASDAQ JD opened at $28.24 on Tuesday. The stock has a market cap of $35.25 billion, a P/E ratio of 19.61 and a beta of 0.38. The business’s fifty day simple moving average is $29.30 and its 200-day simple moving average is $29.10. JD.com, Inc. has a 12-month low of $24.51 and a 12-month high of $36.86. The company has a current ratio of 1.14, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 13th. The information services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. JD.com had a return on equity of 6.78% and a net margin of 1.13%.The firm had revenue of $50.99 billion during the quarter, compared to analysts’ expectations of $50.38 billion. During the same period in the previous year, the firm posted $4.97 EPS. JD.com’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities analysts predict that JD.com, Inc. will post 2.83 EPS for the current fiscal year.

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.