JD.com, Inc. (NASDAQ:JD) Holdings Cut by Scion Asset Management LLC

Scion Asset Management LLC cut its position in shares of JD.com, Inc. (NASDAQ:JD) by 30.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 250,000 shares of the information services provider’s stock after selling 110,000 shares during the quarter. JD.com accounts for approximately 12.3% of Scion Asset Management LLC’s holdings, making the stock its 5th largest position. Scion Asset Management LLC’s holdings in JD.com were worth $6,460,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. DeepCurrents Investment Group LLC purchased a new stake in JD.com in the 2nd quarter valued at about $2,914,000. AXA S.A. grew its holdings in JD.com by 102.4% in the second quarter. AXA S.A. now owns 325,053 shares of the information services provider’s stock valued at $8,399,000 after purchasing an additional 164,474 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in JD.com by 28.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 743,000 shares of the information services provider’s stock worth $19,199,000 after purchasing an additional 163,000 shares during the last quarter. Kamunting Street Capital Management L.P. acquired a new position in shares of JD.com in the 2nd quarter valued at $6,166,000. Finally, Bank of Montreal Can purchased a new stake in shares of JD.com during the 2nd quarter worth about $645,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analysts Set New Price Targets

JD has been the subject of several recent analyst reports. Sanford C. Bernstein lowered their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. 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. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Friday, September 20th. Barclays cut their target price on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Finally, Benchmark lowered their target price on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Price Performance

Shares of JD stock opened at $37.99 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The stock has a market capitalization of $59.91 billion, a PE ratio of 17.35, a PEG ratio of 0.45 and a beta of 0.39. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $38.18. The stock’s fifty day moving average is $27.12 and its 200-day moving average is $28.11.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating the consensus estimate of $0.79 by $8.57. The firm had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Equities research analysts expect that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

About JD.com

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.