Citigroup Inc. Decreases Stock Position in JD.com, Inc. (NASDAQ:JD)

Citigroup Inc. decreased its position in shares of JD.com, Inc. (NASDAQ:JD) by 19.6% during the second quarter, HoldingsChannel reports. The fund owned 1,723,242 shares of the information services provider’s stock after selling 419,961 shares during the quarter. Citigroup Inc.’s holdings in JD.com were worth $58,814,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nemes Rush Group LLC purchased a new position in JD.com during the 2nd quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of JD.com in the first quarter worth about $28,000. Sandy Spring Bank purchased a new position in JD.com in the 1st quarter worth about $35,000. Psagot Value Holdings Ltd. Israel bought a new stake in JD.com during the 1st quarter valued at about $40,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in JD.com in the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

JD opened at $28.59 on Thursday. The company has a market cap of $39.93 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 0.24 and a beta of 0.56. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $28.18 and its 200-day moving average price is $33.32. JD.com, Inc. has a 52-week low of $24.01 and a 52-week high of $67.10.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Wednesday, November 15th. The information services provider reported $6.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.83. The business had revenue of $247.70 billion during the quarter, compared to analysts’ expectations of $246.99 billion. JD.com had a net margin of 2.04% and a return on equity of 10.25%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. As a group, equities analysts anticipate that JD.com, Inc. will post 2.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on JD shares. The Goldman Sachs Group decreased their price target on shares of JD.com from $61.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Mizuho lowered their target price on JD.com from $70.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 17th. UBS Group raised JD.com from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $40.00 to $39.00 in a research report on Wednesday, November 1st. Citigroup decreased their price objective on JD.com from $64.00 to $43.00 and set a “buy” rating for the company in a report on Friday, October 13th. Finally, Loop Capital dropped their target price on shares of JD.com from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Wednesday, September 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $45.14.

JD.com Profile

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, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.