Massachusetts Financial Services Co. MA Sells 59,240 Shares of JD.com, Inc. (NASDAQ:JD)

Massachusetts Financial Services Co. MA trimmed its holdings in JD.com, Inc. (NASDAQ:JDFree Report) by 14.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 365,035 shares of the information services provider’s stock after selling 59,240 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in JD.com were worth $10,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in JD. Russell Investments Group Ltd. increased its position in JD.com by 173.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 833,175 shares of the information services provider’s stock valued at $28,433,000 after buying an additional 528,663 shares in the last quarter. Maple Rock Capital Partners Inc. increased its position in JD.com by 95.6% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,345,000 shares of the information services provider’s stock valued at $45,905,000 after buying an additional 657,500 shares in the last quarter. Platinum Investment Management Ltd. increased its position in JD.com by 12.8% in the 3rd quarter. Platinum Investment Management Ltd. now owns 547,343 shares of the information services provider’s stock valued at $15,944,000 after buying an additional 62,129 shares in the last quarter. Maxi Investments CY Ltd increased its position in JD.com by 111.7% in the 2nd quarter. Maxi Investments CY Ltd now owns 379,020 shares of the information services provider’s stock valued at $12,936,000 after buying an additional 200,000 shares in the last quarter. Finally, Segantii Capital Management Ltd increased its position in JD.com by 1,328.6% in the 3rd quarter. Segantii Capital Management Ltd now owns 500,000 shares of the information services provider’s stock valued at $14,696,000 after buying an additional 465,000 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Performance

JD stock opened at $22.38 on Friday. The firm has a market cap of $35.30 billion, a PE ratio of 10.61, a P/E/G ratio of 0.19 and a beta of 0.54. The company has a quick ratio of 1.12, a current ratio of 1.36 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $25.22 and a 200-day moving average of $28.85. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $54.77.

JD.com (NASDAQ:JDGet Free Report) last released its earnings results on Wednesday, November 15th. The information services provider reported $6.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.83. JD.com had a return on equity of 10.43% and a net margin of 2.20%. The company had revenue of $247.70 billion during the quarter, compared to analyst estimates of $246.99 billion. During the same period in the prior year, the company posted $0.73 earnings per share. JD.com’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts expect that JD.com, Inc. will post 2.7 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. The Goldman Sachs Group decreased their target price on JD.com from $61.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Benchmark reissued a “buy” rating and set a $67.00 price objective on shares of JD.com in a report on Thursday, November 16th. UBS Group raised JD.com from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $40.00 to $39.00 in a report on Wednesday, November 1st. Susquehanna decreased their price objective on JD.com from $38.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, November 20th. Finally, StockNews.com lowered JD.com from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Check Out Our Latest Stock Report on JD

JD.com Profile

(Free Report)

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.

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

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