Bayesian Capital Management LP Trims Stake in JD.com, Inc. (NASDAQ:JD)

Bayesian Capital Management LP cut its stake in JD.com, Inc. (NASDAQ:JD) by 73.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,200 shares of the information services provider’s stock after selling 53,596 shares during the quarter. Bayesian Capital Management LP’s holdings in JD.com were worth $526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of JD.com by 812.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares during the period. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com in the 1st quarter worth $58,000. CWM LLC boosted its position in shares of JD.com by 69.3% in the 4th quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock worth $85,000 after purchasing an additional 1,208 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after purchasing an additional 686 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of JD.com in the 1st quarter worth $126,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Performance

Shares of NASDAQ JD traded up $0.09 during trading on Wednesday, reaching $26.45. 650,955 shares of the company traded hands, compared to its average volume of 13,077,700. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $41.95. The firm’s fifty day simple moving average is $28.13 and its 200 day simple moving average is $26.97. The stock has a market cap of $41.71 billion, a P/E ratio of 12.04 and a beta of 0.39.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.17. JD.com had a return on equity of 11.43% and a net margin of 2.26%. The firm had revenue of $36.02 billion during the quarter, compared to analyst estimates of $35.75 billion. As a group, research analysts anticipate that JD.com, Inc. will post 3.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on JD shares. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of JD.com in a research report on Friday, May 17th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 29th. Sanford C. Bernstein raised their price objective on JD.com from $28.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, May 17th. Bank of America lifted their price target on JD.com from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Susquehanna lowered their price target on JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.13.

JD.com Company Profile

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.