JD.com, Inc. (NASDAQ:JD) Shares Sold by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC reduced its position in shares of JD.com, Inc. (NASDAQ:JD) by 33.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,000 shares of the information services provider’s stock after selling 500 shares during the quarter. Wolff Wiese Magana LLC’s holdings in JD.com were worth $35,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JD. Modus Advisors LLC acquired a new position in shares of JD.com in the 4th quarter worth $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com in the 3rd quarter valued at $49,000. Huntington National Bank increased its stake in JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in JD.com during the 3rd quarter worth about $103,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in JD.com by 58.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after buying an additional 1,102 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JD shares. Citigroup cut their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and reduced their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Trading Up 1.8 %

Shares of NASDAQ:JD opened at $35.35 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock’s 50-day moving average is $36.19 and its 200-day moving average is $33.16. The company has a market cap of $55.75 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.30 and a beta of 0.39. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $47.82.

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.