JD.com, Inc. (NASDAQ:JD) Shares Sold by HighVista Strategies LLC

HighVista Strategies LLC lessened its stake in JD.com, Inc. (NASDAQ:JD) by 69.3% in the second quarter, HoldingsChannel.com reports. The firm owned 19,183 shares of the information services provider’s stock after selling 43,282 shares during the quarter. HighVista Strategies LLC’s holdings in JD.com were worth $496,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JD. Atlas Capital Advisors LLC purchased a new stake in shares of JD.com in the 2nd quarter worth about $28,000. Allspring Global Investments Holdings LLC grew its position in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC purchased a new position in shares of JD.com during the 1st quarter worth approximately $58,000. Parallel Advisors LLC raised its position in shares of JD.com by 20.1% during the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after purchasing an additional 686 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new stake in JD.com in the 1st quarter valued at approximately $126,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

NASDAQ JD opened at $28.55 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $35.69. The firm has a market capitalization of $45.03 billion, a P/E ratio of 13.04 and a beta of 0.39. The business’s 50-day simple moving average is $26.56 and its 200-day simple moving average is $27.90.

JD.com (NASDAQ:JD) last released its quarterly earnings data 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. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. During the same period last year, the company posted $0.68 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. Equities analysts predict that JD.com, Inc. will post 3.74 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Susquehanna reissued a “neutral” rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Loop Capital decreased their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Benchmark cut their price objective on shares of JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Sanford C. Bernstein decreased their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Finally, Barclays cut their price target on JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.93.

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.