Arrowstreet Capital Limited Partnership Sells 1,009,809 Shares of JD.com, Inc. $JD

Arrowstreet Capital Limited Partnership trimmed its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 32.1% in the second quarter, Holdings Channel.com reports. The fund owned 2,135,399 shares of the information services provider’s stock after selling 1,009,809 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in JD.com were worth $69,699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JD. Hhlr Advisors LTD. lifted its stake in JD.com by 184.7% during the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock worth $197,857,000 after purchasing an additional 3,121,700 shares during the period. Voya Investment Management LLC raised its holdings in shares of JD.com by 63.8% in the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock worth $213,075,000 after buying an additional 2,018,675 shares in the last quarter. Dodge & Cox lifted its position in shares of JD.com by 8.0% during the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider’s stock worth $742,748,000 after buying an additional 1,339,508 shares during the period. Crake Asset Management LLP acquired a new stake in JD.com in the 2nd quarter valued at $41,975,000. Finally, GQG Partners LLC boosted its stake in JD.com by 770.9% in the 1st quarter. GQG Partners LLC now owns 1,260,326 shares of the information services provider’s stock valued at $51,825,000 after buying an additional 1,115,607 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of NASDAQ:JD opened at $29.74 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a 1-year low of $28.21 and a 1-year high of $46.44. The stock has a market capitalization of $42.60 billion, a P/E ratio of 10.12, a P/E/G ratio of 6.72 and a beta of 0.40. The business has a 50-day moving average price of $32.21 and a two-hundred day moving average price of $32.47.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $41.98 billion for the quarter, compared to analyst estimates of $40.87 billion. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $8.68 EPS. Equities analysts predict that JD.com, Inc. will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on JD. Arete Research set a $41.00 price objective on JD.com in a report on Friday, September 26th. Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Benchmark reduced their price target on shares of JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Citigroup began coverage on shares of JD.com in a research note on Monday, August 11th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Wall Street Zen cut shares of JD.com from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.43.

JD.com 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.