Mirae Asset Global Investments Co. Ltd. Trims Stake in JD.com, Inc. (NASDAQ:JD)

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 24.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 40,331 shares of the information services provider's stock after selling 13,241 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in JD.com were worth $1,383,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new position in JD.com in the 4th quarter valued at $27,000. Brooklyn Investment Group bought a new position in JD.com in the 4th quarter valued at $34,000. Nisa Investment Advisors LLC grew its position in JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after acquiring an additional 417 shares during the last quarter. Modus Advisors LLC bought a new position in JD.com in the 4th quarter valued at $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in JD.com in the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Stock Up 4.5 %

JD.com stock traded up $1.79 during midday trading on Friday, reaching $41.38. The company's stock had a trading volume of 13,308,779 shares, compared to its average volume of 10,550,680. The stock's 50-day simple moving average is $37.71 and its 200-day simple moving average is $35.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 52-week low of $21.18 and a 52-week high of $47.82. The stock has a market capitalization of $65.26 billion, a P/E ratio of 13.09, a PEG ratio of 0.30 and a beta of 0.40.

Wall Street Analyst Weigh In

Several brokerages have commented on JD. Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Benchmark reaffirmed a "buy" rating and issued a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Loop Capital raised 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. Finally, Dbs Bank raised JD.com to a "strong-buy" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.