JD.com, Inc. (NASDAQ:JD) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of JD.com, Inc. (NASDAQ:JD) by 20.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,572 shares of the information services provider’s stock after selling 13,433 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in JD.com were worth $2,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of JD. Atlas Capital Advisors LLC acquired a new position in JD.com in the second quarter worth about $28,000. Allspring Global Investments Holdings LLC grew its position in shares of JD.com by 812.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after acquiring an additional 1,681 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of JD.com in the 1st quarter valued at approximately $126,000. Blue Trust Inc. raised its position in shares of JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 2,360 shares in the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in JD.com during the second quarter worth $172,000. Institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

JD has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and set a $47.00 target price on shares of JD.com in a research note on Tuesday, October 15th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein decreased 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 reiterated a “neutral” rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. boosted their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.67.

JD.com Stock Performance

JD stock opened at $40.03 on Thursday. The company has a 50-day simple moving average of $34.54 and a 200 day simple moving average of $30.62. The company has a market capitalization of $63.13 billion, a P/E ratio of 18.28, a PEG ratio of 0.61 and a beta of 0.42. 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, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. During the same period in the prior year, the business posted $0.68 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts predict that JD.com, Inc. will post 3.77 earnings per share for the current fiscal year.

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.