JD.com, Inc. (NASDAQ:JD) Shares Sold by Fluent Financial LLC

Fluent Financial LLC lessened its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 23.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,676 shares of the information services provider's stock after selling 17,281 shares during the quarter. JD.com makes up 1.1% of Fluent Financial LLC's investment portfolio, making the stock its 28th largest holding. Fluent Financial LLC's holdings in JD.com were worth $2,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Panagora Asset Management Inc. increased its position in shares of JD.com by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider's stock worth $676,000 after acquiring an additional 719 shares during the period. Texas Yale Capital Corp. increased its holdings in JD.com by 5.8% during the 1st quarter. Texas Yale Capital Corp. now owns 13,968 shares of the information services provider's stock worth $383,000 after purchasing an additional 760 shares during the period. Henry James International Management Inc. raised its position in JD.com by 3.6% in the 1st quarter. Henry James International Management Inc. now owns 22,866 shares of the information services provider's stock valued at $626,000 after purchasing an additional 786 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of JD.com by 4.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider's stock valued at $447,000 after buying an additional 797 shares during the period. Finally, Wallace Advisory Group LLC grew its position in shares of JD.com by 3.2% during the first quarter. Wallace Advisory Group LLC now owns 26,717 shares of the information services provider's stock worth $772,000 after buying an additional 840 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Performance

JD traded up $2.37 during trading on Friday, reaching $46.97. The company's stock had a trading volume of 30,072,361 shares, compared to its average volume of 14,840,209. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The company's fifty day moving average price is $29.14 and its 200-day moving average price is $28.78. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $47.00. The company has a market capitalization of $74.08 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 0.45 and a beta of 0.42.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on JD shares. Sanford C. Bernstein decreased their price objective on shares of JD.com from $35.00 to $32.00 and set a "market perform" rating for the company in a research report on Friday, August 16th. Susquehanna reaffirmed a "neutral" rating and set a $28.00 price target on shares of JD.com in a report on Monday, August 19th. JPMorgan Chase & Co. upgraded JD.com from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $33.00 to $36.00 in a report on Friday, August 16th. StockNews.com upgraded JD.com from a "buy" rating to a "strong-buy" rating in a research note on Monday, September 30th. Finally, Loop Capital dropped their price target on shares of JD.com from $35.00 to $31.00 and set a "hold" rating on the stock in a research note on Friday, June 21st. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $36.93.

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.