GSA Capital Partners LLP Sells 26,779 Shares of JD.com, Inc. (NASDAQ:JD)

GSA Capital Partners LLP trimmed its position in JD.com, Inc. (NASDAQ:JD) by 39.3% in the 3rd quarter, Holdings Channel reports. The firm owned 41,344 shares of the information services provider’s stock after selling 26,779 shares during the quarter. GSA Capital Partners LLP’s holdings in JD.com were worth $1,654,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SRN Advisors LLC lifted its holdings in shares of JD.com by 1.6% during the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock worth $1,288,000 after acquiring an additional 516 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of JD.com by 2.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after acquiring an additional 719 shares during the last quarter. Texas Yale Capital Corp. lifted its holdings in shares of JD.com by 5.8% during the 1st quarter. Texas Yale Capital Corp. now owns 13,968 shares of the information services provider’s stock worth $383,000 after acquiring an additional 760 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of JD.com by 4.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock worth $447,000 after acquiring an additional 797 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of JD.com by 3.1% during the 3rd quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock worth $1,172,000 after acquiring an additional 889 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and lowered their price target for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Susquehanna reissued a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. Barclays boosted their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Sanford C. Bernstein lowered their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.71.

JD.com Price Performance

Shares of NASDAQ JD opened at $36.10 on Wednesday. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $47.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The company’s 50-day moving average is $36.67 and its 200 day moving average is $31.40. The stock has a market capitalization of $56.93 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.43 and a beta of 0.41.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion for the quarter, compared to analysts’ expectations of $291.01 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. JD.com’s quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that JD.com, Inc. will post 3.74 earnings per share for the current year.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider 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.