abrdn plc Sells 6,006 Shares of JD.com, Inc. (NASDAQ:JD)

abrdn plc trimmed its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 23.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,222 shares of the information services provider's stock after selling 6,006 shares during the quarter. abrdn plc's holdings in JD.com were worth $666,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC grew its position in JD.com by 7.0% in the third quarter. Exchange Traded Concepts LLC now owns 87,030 shares of the information services provider's stock worth $3,481,000 after acquiring an additional 5,709 shares in the last quarter. First Pacific Financial grew its position in JD.com by 11.3% in the third quarter. First Pacific Financial now owns 18,834 shares of the information services provider's stock worth $753,000 after acquiring an additional 1,907 shares in the last quarter. Prospect Financial Services LLC purchased a new position in JD.com in the third quarter worth about $269,000. Seven Grand Managers LLC purchased a new position in JD.com in the third quarter worth about $16,800,000. Finally, Naviter Wealth LLC grew its position in JD.com by 7.1% in the third quarter. Naviter Wealth LLC now owns 34,259 shares of the information services provider's stock worth $1,370,000 after acquiring an additional 2,267 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Trading Up 4.5 %

Shares of JD.com stock traded up $1.79 on Friday, hitting $41.38. 13,308,779 shares of the company traded hands, compared to its average volume of 10,902,744. The stock's 50 day moving average price is $37.63 and its 200-day moving average price is $35.05. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 52 week low of $21.18 and a 52 week high of $47.82. The company has a market cap of $65.26 billion, a PE ratio of 13.09, a PEG ratio of 0.30 and a beta of 0.40.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Benchmark reiterated a "buy" rating and issued a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Loop Capital upgraded JD.com from a "hold" rating to a "buy" rating and dropped their price target for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Citigroup dropped their price target on JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a research report on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Finally, StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, JD.com presently has an average rating of "Moderate Buy" and an average price target of $41.36.

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.