Raymond James Financial Services Advisors Inc. Sells 1,057 Shares of JD.com, Inc. (NASDAQ:JD)

Raymond James Financial Services Advisors Inc. lowered its stake in JD.com, Inc. (NASDAQ:JDGet Rating) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,945 shares of the information services provider’s stock after selling 1,057 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in JD.com were worth $802,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Glassman Wealth Services lifted its holdings in shares of JD.com by 95.9% in the second quarter. Glassman Wealth Services now owns 474 shares of the information services provider’s stock worth $30,000 after acquiring an additional 232 shares during the last quarter. Allworth Financial LP raised its holdings in JD.com by 99.3% in the 2nd quarter. Allworth Financial LP now owns 578 shares of the information services provider’s stock valued at $37,000 after buying an additional 288 shares during the last quarter. Heritage Wealth Management LLC bought a new position in JD.com in the 2nd quarter valued at approximately $38,000. James Investment Research Inc. bought a new position in JD.com in the 2nd quarter valued at approximately $50,000. Finally, Selective Wealth Management Inc. raised its holdings in JD.com by 43.5% in the 2nd quarter. Selective Wealth Management Inc. now owns 825 shares of the information services provider’s stock valued at $53,000 after buying an additional 250 shares during the last quarter. Institutional investors own 17.71% of the company’s stock.

JD.com Stock Performance

Shares of JD stock opened at $60.43 on Monday. The company has a market cap of $82.53 billion, a price-to-earnings ratio of 671.52 and a beta of 0.48. JD.com, Inc. has a 52 week low of $33.17 and a 52 week high of $78.67. The company has a quick ratio of 1.02, a current ratio of 1.30 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $57.76 and a 200-day moving average of $55.40.

JD.com (NASDAQ:JDGet Rating) last announced its quarterly earnings data on Friday, November 18th. The information services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.52 by $0.21. JD.com had a net margin of 0.13% and a return on equity of 6.64%. The company had revenue of $34.24 billion during the quarter, compared to the consensus estimate of $34.59 billion. On average, equities analysts forecast that JD.com, Inc. will post 1.93 earnings per share for the current year.

Analyst Ratings Changes

JD has been the subject of a number of research reports. Barclays raised their price objective on shares of JD.com from $59.00 to $72.00 in a report on Monday, November 21st. StockNews.com initiated coverage on shares of JD.com in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Citigroup raised their price objective on shares of JD.com from $60.00 to $96.00 in a report on Friday, January 6th. Mizuho decreased their target price on shares of JD.com from $90.00 to $82.00 in a research report on Monday, November 14th. Finally, Morgan Stanley decreased their target price on shares of JD.com from $80.00 to $55.00 in a research report on Monday, October 31st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.92.

About JD.com

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JD.com, Inc provides supply chain-based technologies and services 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, books, automobile accessories, apparel and footwear, bags, and jewelry.

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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