JD.com, Inc. (NASDAQ:JD) Shares Sold by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. trimmed its holdings in JD.com, Inc. (NASDAQ:JD) by 41.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,479 shares of the information services provider’s stock after selling 5,261 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in JD.com were worth $299,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board grew its stake in JD.com by 9.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after buying an additional 129,763 shares during the last quarter. Polunin Capital Partners Ltd increased its holdings in shares of JD.com by 27.8% in the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after acquiring an additional 447,264 shares during the period. Seven Grand Managers LLC purchased a new stake in JD.com in the 3rd quarter valued at $16,800,000. M&G Plc acquired a new stake in JD.com during the 1st quarter worth $22,920,000. Finally, SG Americas Securities LLC grew its position in JD.com by 55.8% during the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock worth $3,770,000 after purchasing an additional 33,771 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

NASDAQ:JD traded up $0.05 during midday trading on Monday, hitting $40.49. 2,446,137 shares of the stock were exchanged, compared to its average volume of 14,906,896. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $35.09 and a two-hundred day moving average price of $30.88. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82. The company has a market capitalization of $63.86 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 0.45 and a beta of 0.41.

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

Wall Street Analyst Weigh In

JD has been the topic of several recent research reports. Susquehanna reissued a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a research note on Monday, August 19th. Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Tuesday, October 15th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Sanford C. Bernstein cut their target price on 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. Finally, Barclays lifted their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $39.71.

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.