Fluent Financial LLC Decreases Stake in JD.com, Inc. (NASDAQ:JD)

Fluent Financial LLC cut its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 23.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,676 shares of the information services provider’s stock after selling 17,281 shares during the quarter. JD.com makes up approximately 1.1% of Fluent Financial LLC’s portfolio, making the stock its 28th largest holding. Fluent Financial LLC’s holdings in JD.com were worth $2,227,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FIL Ltd raised its stake in shares of JD.com by 124.3% during the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after purchasing an additional 3,441,605 shares during the period. Canada Pension Plan Investment Board increased its position in shares of JD.com by 9.8% during the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock valued at $39,887,000 after buying an additional 129,763 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of JD.com by 234.0% in the fourth quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider’s stock worth $3,063,000 after buying an additional 74,269 shares in the last quarter. M&G Plc bought a new position in shares of JD.com in the first quarter valued at approximately $22,920,000. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of JD.com by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after acquiring an additional 63,800 shares during the period. Institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

JD has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised shares of JD.com from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $33.00 to $36.00 in a report on Friday, August 16th. Barclays decreased their price target 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. Loop Capital dropped their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Friday, June 21st. StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Benchmark lowered their price target on JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Price Performance

Shares of NASDAQ JD traded up $2.37 during trading hours on Friday, reaching $46.97. 30,072,361 shares of the stock traded hands, compared to its average volume of 14,840,209. The company’s 50-day simple moving average is $29.14 and its two-hundred day simple moving average is $28.78. The company has a market capitalization of $74.08 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 0.45 and a beta of 0.42. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $47.00. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

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

JD.com Company 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.