Rakuten Securities Inc. Sells 1,071 Shares of JD.com, Inc. (NASDAQ:JD)

Rakuten Securities Inc. lessened its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 17.3% during the 3rd quarter, Holdings Channel reports. The firm owned 5,121 shares of the information services provider’s stock after selling 1,071 shares during the period. Rakuten Securities Inc.’s holdings in JD.com were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC bought a new stake in JD.com in the 2nd quarter worth approximately $28,000. Allspring Global Investments Holdings LLC increased its stake in 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 during the last quarter. Blue Trust Inc. increased its stake in JD.com by 295.7% in the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after acquiring an additional 2,360 shares during the last quarter. Advisors Preferred LLC bought a new stake in JD.com in the 1st quarter worth approximately $126,000. Finally, Wolverine Asset Management LLC bought a new stake in JD.com in the 3rd quarter worth approximately $183,000. Institutional investors own 15.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Sanford C. Bernstein reduced their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Benchmark reaffirmed a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Susquehanna reiterated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Finally, Barclays lifted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.71.

JD.com Price Performance

JD opened at $39.02 on Tuesday. The business has a fifty day moving average of $36.67 and a 200 day moving average of $31.40. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The stock has a market cap of $61.54 billion, a P/E ratio of 14.19, a PEG ratio of 0.43 and a beta of 0.41.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $291.01 billion. During the same quarter in the previous year, the business earned $0.68 EPS. JD.com’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that JD.com, Inc. will post 3.74 EPS for the current 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.