BNP Paribas Financial Markets decreased its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 82.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,044 shares of the information services provider's stock after selling 544,586 shares during the period. BNP Paribas Financial Markets' holdings in JD.com were worth $4,602,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its stake in JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock worth $611,080,000 after acquiring an additional 4,445,277 shares during the period. Federated Hermes Inc. raised its position in shares of JD.com by 16.4% during the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider's stock valued at $110,601,000 after buying an additional 603,211 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of JD.com by 9.0% during the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider's stock valued at $162,904,000 after buying an additional 336,740 shares during the last quarter. Polunin Capital Partners Ltd raised its position in shares of JD.com by 27.8% during the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider's stock valued at $82,291,000 after buying an additional 447,264 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of JD.com by 177.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,873,282 shares of the information services provider's stock valued at $74,931,000 after buying an additional 1,198,753 shares during the last quarter. Institutional investors own 15.98% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Benchmark reiterated a "buy" rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Sanford C. Bernstein reduced their price objective on shares of JD.com from $35.00 to $32.00 and set a "market perform" rating on the stock in a research report on Friday, August 16th. Loop Capital raised shares of JD.com from a "hold" rating to a "buy" rating and cut their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. Finally, Barclays raised their target price on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Three research 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.36.
Get Our Latest Report on JD.com
JD.com Trading Down 3.6 %
NASDAQ JD traded down $1.35 on Wednesday, hitting $35.75. 6,259,797 shares of the stock were exchanged, compared to its average volume of 14,713,574. 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 has a fifty day moving average price of $39.34 and a two-hundred day moving average price of $31.80. The firm has a market capitalization of $56.38 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.31 and a beta of 0.38. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $47.82.
About JD.com
(
Free Report)
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.
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