Profund Advisors LLC Sells 1,764 Shares of JD.com, Inc. (NASDAQ:JD)

Profund Advisors LLC lessened its stake in shares of JD.com, Inc. (NASDAQ:JD) by 2.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,041 shares of the information services provider’s stock after selling 1,764 shares during the quarter. Profund Advisors LLC’s holdings in JD.com were worth $1,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of JD.com by 54.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 13,761 shares of the information services provider’s stock worth $398,000 after purchasing an additional 4,874 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of JD.com by 21.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 58,197 shares of the information services provider’s stock worth $1,681,000 after purchasing an additional 10,306 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of JD.com by 66.9% during the fourth quarter. Hsbc Holdings PLC now owns 1,582,225 shares of the information services provider’s stock worth $45,538,000 after purchasing an additional 634,416 shares during the period. Parallel Advisors LLC lifted its holdings in shares of JD.com by 20.1% during the fourth 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 period. Finally, Contrarius Investment Management Ltd acquired a new position in shares of JD.com during the fourth quarter worth $9,384,000. Institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JD. Barclays cut 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. Susquehanna restated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Friday. JPMorgan Chase & Co. upgraded shares of JD.com from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $33.00 to $36.00 in a report on Friday, August 16th. Finally, Loop Capital dropped their target price on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.93.

JD.com Trading Down 0.7 %

Shares of JD stock opened at $28.55 on Monday. 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 company has a market capitalization of $45.03 billion, a price-to-earnings ratio of 13.04 and a beta of 0.39. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $35.69. The company has a 50-day simple moving average of $26.56 and a two-hundred day simple moving average of $27.90.

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 analysts’ consensus estimates of $0.79 by $8.57. The firm had revenue of $291.40 billion for the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 earnings per share. Research analysts anticipate that JD.com, Inc. will post 3.74 EPS for the current fiscal 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.