D.A. Davidson & CO. Lowers Stock Position in JD.com, Inc. (NASDAQ:JD)

D.A. Davidson & CO. reduced its stake in JD.com, Inc. (NASDAQ:JDFree Report) by 27.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,150 shares of the information services provider’s stock after selling 9,096 shares during the period. D.A. Davidson & CO.’s holdings in JD.com were worth $703,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in JD. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of JD.com during the first quarter worth approximately $81,000. Cetera Investment Advisers grew its position in shares of JD.com by 16.9% during the first quarter. Cetera Investment Advisers now owns 7,776 shares of the information services provider’s stock worth $450,000 after acquiring an additional 1,125 shares during the last quarter. West Family Investments Inc. purchased a new position in shares of JD.com during the first quarter worth approximately $340,000. Ergoteles LLC purchased a new position in shares of JD.com during the first quarter worth approximately $307,000. Finally, Federated Hermes Inc. grew its position in shares of JD.com by 155.4% during the first quarter. Federated Hermes Inc. now owns 1,513,562 shares of the information services provider’s stock worth $87,590,000 after acquiring an additional 920,886 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on JD shares. Susquehanna lowered their price objective on shares of JD.com from $38.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, November 20th. Barclays lowered their price objective on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Citigroup lowered their price objective on shares of JD.com from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. The Goldman Sachs Group lowered their price objective on shares of JD.com from $61.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Finally, StockNews.com downgraded JD.com from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Get Our Latest Research Report on JD

JD.com Trading Up 2.3 %

NASDAQ:JD opened at $22.89 on Tuesday. The company has a market capitalization of $36.10 billion, a PE ratio of 10.85, a price-to-earnings-growth 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. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $54.77. The stock has a fifty day simple moving average of $25.15 and a 200-day simple moving average of $28.67.

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

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.

Further Reading

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

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