Hsbc Holdings PLC Reduces Holdings in JD.com, Inc. $JD

Hsbc Holdings PLC lowered its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 250,115 shares of the information services provider’s stock after selling 45,422 shares during the period. Hsbc Holdings PLC’s holdings in JD.com were worth $7,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of JD. SIH Partners LLLP increased its stake in shares of JD.com by 74.1% during the 4th quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock worth $143,255,000 after purchasing an additional 2,125,212 shares in the last quarter. Syquant Capital Sas purchased a new stake in JD.com in the 4th quarter valued at approximately $35,323,000. Northwestern Mutual Wealth Management Co. lifted its stake in JD.com by 1,172.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,636 shares of the information services provider’s stock valued at $35,434,000 after buying an additional 1,137,592 shares in the last quarter. HighTower Advisors LLC grew its holdings in JD.com by 197.2% during the 4th quarter. HighTower Advisors LLC now owns 1,384,810 shares of the information services provider’s stock valued at $39,744,000 after buying an additional 918,880 shares during the last quarter. Finally, L1 Capital Pty Ltd acquired a new stake in JD.com during the 4th quarter valued at $20,959,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Up 0.8%

Shares of NASDAQ:JD opened at $25.39 on Friday. The stock has a 50-day simple moving average of $29.63 and a 200-day simple moving average of $28.92. The stock has a market capitalization of $31.69 billion, a P/E ratio of 19.84 and a beta of 0.39. JD.com, Inc. has a 1 year low of $24.51 and a 1 year 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.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. The firm had revenue of $45.79 billion for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. Equities analysts forecast that JD.com, Inc. will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein boosted their price target on JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Nomura increased their price objective on JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Citigroup lifted their price objective on JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Morgan Stanley boosted their target price on shares of JD.com from $25.00 to $27.00 and gave the company an “underweight” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.62.

About JD.com

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.