JD.Com Inc (NASDAQ:JD) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its stake in JD.Com Inc (NASDAQ:JD) by 14.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 680,600 shares of the information services provider’s stock after selling 114,900 shares during the period. Public Employees Retirement Association of Colorado owned 0.06% of JD.Com worth $20,615,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of JD. NEXT Financial Group Inc acquired a new stake in JD.Com during the 2nd quarter worth $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in JD.Com during the 1st quarter worth $51,000. Synovus Financial Corp boosted its stake in JD.Com by 50.5% during the 1st quarter. Synovus Financial Corp now owns 2,146 shares of the information services provider’s stock worth $64,000 after purchasing an additional 720 shares during the period. Rehmann Capital Advisory Group boosted its stake in JD.Com by 233.6% during the 1st quarter. Rehmann Capital Advisory Group now owns 2,132 shares of the information services provider’s stock worth $64,000 after purchasing an additional 1,493 shares during the period. Finally, AlphaMark Advisors LLC boosted its stake in JD.Com by 57.1% during the 1st quarter. AlphaMark Advisors LLC now owns 3,535 shares of the information services provider’s stock worth $107,000 after purchasing an additional 1,285 shares during the period. Institutional investors and hedge funds own 48.93% of the company’s stock.

Shares of JD traded down $0.11 during trading hours on Wednesday, reaching $30.55. The company had a trading volume of 936,644 shares, compared to its average volume of 15,715,436. The firm has a 50 day moving average of $30.01. The company has a quick ratio of 0.49, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $34.37 billion, a P/E ratio of -1,014.00 and a beta of 1.42. JD.Com Inc has a 12-month low of $19.21 and a 12-month high of $34.59.

JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Tuesday, August 13th. The information services provider reported $2.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $2.25. The business had revenue of $150.28 billion during the quarter, compared to the consensus estimate of $147.44 billion. JD.Com had a net margin of 0.69% and a return on equity of 0.46%. The business’s revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. Equities research analysts predict that JD.Com Inc will post 0.54 earnings per share for the current year.

A number of analysts recently weighed in on the stock. Citigroup reiterated a “buy” rating and set a $43.00 price target (up previously from $41.00) on shares of JD.Com in a research note on Wednesday. China International Capital upgraded shares of JD.Com to a “buy” rating in a research note on Monday, May 13th. Loop Capital assumed coverage on shares of JD.Com in a research note on Monday, June 3rd. They set a “buy” rating for the company. Nomura upgraded shares of JD.Com from a “neutral” rating to a “buy” rating and set a $29.81 price target for the company in a research note on Wednesday, May 15th. Finally, BidaskClub cut shares of JD.Com from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $33.13.

JD.Com Company Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

Further Reading: How is a buy-side analyst different from a sell-side analyst?

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

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