JD.com, Inc. $JD Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its stake in shares of JD.com, Inc. (NASDAQ:JD) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 996,855 shares of the information services provider’s stock after selling 61,200 shares during the period. Clearbridge Investments LLC owned approximately 0.07% of JD.com worth $28,610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Aurora Investment Managers LLC. raised its holdings in shares of JD.com by 24.6% during the third quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock worth $9,427,000 after purchasing an additional 53,223 shares during the last quarter. Todd Asset Management LLC raised its holdings in shares of JD.com by 8.3% during the third quarter. Todd Asset Management LLC now owns 1,116,629 shares of the information services provider’s stock worth $39,060,000 after purchasing an additional 85,331 shares during the last quarter. Glaxis Capital Management LLC purchased a new position in shares of JD.com during the third quarter worth $2,449,000. Schroder Investment Management Group raised its holdings in shares of JD.com by 7.9% during the third quarter. Schroder Investment Management Group now owns 656,282 shares of the information services provider’s stock worth $22,957,000 after purchasing an additional 48,039 shares during the last quarter. Finally, Cantor Fitzgerald L. P. raised its holdings in shares of JD.com by 423.1% during the third quarter. Cantor Fitzgerald L. P. now owns 264,426 shares of the information services provider’s stock worth $9,250,000 after purchasing an additional 213,878 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Up 0.5%

JD opened at $28.73 on Wednesday. JD.com, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $36.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18. The company has a fifty day moving average of $30.13 and a two-hundred day moving average of $29.12. The stock has a market capitalization of $35.86 billion, a price-to-earnings ratio of 22.45 and a beta of 0.39.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The company had revenue of $45.79 billion during the quarter. On average, research analysts expect that JD.com, Inc. will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on JD shares. Arete Research set a $37.00 target price on shares of JD.com in a report on Friday, April 17th. Morgan Stanley raised their target price on shares of JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Wednesday, May 13th. Weiss Ratings raised shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Wall Street Zen raised shares of JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Finally, Sanford C. Bernstein raised their target price on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.50.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.