JD.com, Inc. (NASDAQ:JD) Stake Lowered by Genesis Investment Management LLP

Genesis Investment Management LLP decreased its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 76.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,029 shares of the information services provider's stock after selling 439,371 shares during the period. JD.com accounts for 5.2% of Genesis Investment Management LLP's portfolio, making the stock its 9th largest position. Genesis Investment Management LLP's holdings in JD.com were worth $4,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in shares of JD.com by 9.6% during the second quarter. Envestnet Asset Management Inc. now owns 161,928 shares of the information services provider's stock valued at $4,184,000 after buying an additional 14,210 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in JD.com by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 240,458 shares of the information services provider's stock worth $6,213,000 after acquiring an additional 3,814 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of JD.com by 40.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,372 shares of the information services provider's stock valued at $423,000 after purchasing an additional 4,718 shares during the period. XTX Topco Ltd bought a new position in JD.com in the 2nd quarter valued at about $426,000. Finally, Pacer Advisors Inc. increased its stake in JD.com by 11.6% during the 2nd quarter. Pacer Advisors Inc. now owns 68,851 shares of the information services provider's stock valued at $1,779,000 after buying an additional 7,163 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Stock Down 1.3 %

NASDAQ:JD traded down $0.50 during trading hours on Tuesday, hitting $38.50. 16,479,757 shares of the stock traded hands, compared to its average volume of 10,188,095. The firm has a 50 day moving average price of $36.02 and a 200 day moving average price of $33.46. The firm has a market cap of $60.72 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.29 and a beta of 0.39. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of JD.com from a "buy" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Barclays boosted 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. Citigroup decreased their target price on JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Sanford C. Bernstein raised JD.com from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Benchmark reissued a "buy" rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, JD.com presently has an average rating of "Moderate Buy" and a consensus target price of $41.36.

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.