Aigen Investment Management LP Trims Holdings in JD.com, Inc. (NASDAQ:JD)

Aigen Investment Management LP lessened its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 80.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,974 shares of the information services provider's stock after selling 32,052 shares during the period. Aigen Investment Management LP's holdings in JD.com were worth $319,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JD. Atlas Capital Advisors LLC purchased a new stake in shares of JD.com during the second quarter worth $28,000. Allspring Global Investments Holdings LLC grew its holdings in JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider's stock valued at $52,000 after buying an additional 1,681 shares in the last quarter. Blue Trust Inc. increased its position in shares of JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider's stock valued at $126,000 after buying an additional 2,360 shares during the period. Unique Wealth Strategies LLC purchased a new stake in shares of JD.com in the second quarter worth about $172,000. Finally, Wolverine Asset Management LLC bought a new position in shares of JD.com in the third quarter valued at approximately $183,000. Institutional investors own 15.98% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on JD. Sanford C. Bernstein lowered their target price on shares of 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. Barclays increased their price objective on JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Loop Capital upgraded JD.com from a "hold" rating to a "buy" rating and reduced their target price for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. raised their price target on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Finally, Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.36.

JD.com Trading Up 4.9 %

JD.com stock traded up $1.65 during mid-day trading on Friday, hitting $35.00. The company's stock had a trading volume of 17,140,243 shares, compared to its average volume of 15,009,837. The business has a 50 day moving average price of $37.35 and a 200-day moving average price of $31.52. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82. The stock has a market cap of $55.20 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90.

JD.com (NASDAQ:JD - Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $8.57. The business had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. JD.com's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. As a group, analysts forecast that JD.com, Inc. will post 3.74 EPS for the current 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.