DekaBank Deutsche Girozentrale Trims Stock Holdings in JD.com, Inc. (NASDAQ:JD)

DekaBank Deutsche Girozentrale reduced its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 232,800 shares of the information services provider's stock after selling 20,500 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in JD.com were worth $9,793,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. grew its position in shares of JD.com by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider's stock valued at $676,000 after purchasing an additional 719 shares in the last quarter. Texas Yale Capital Corp. increased its stake in shares of JD.com by 5.8% in the 1st quarter. Texas Yale Capital Corp. now owns 13,968 shares of the information services provider's stock worth $383,000 after acquiring an additional 760 shares during the last quarter. Henry James International Management Inc. raised its holdings in shares of JD.com by 3.6% during the 1st quarter. Henry James International Management Inc. now owns 22,866 shares of the information services provider's stock worth $626,000 after acquiring an additional 786 shares during the period. V Square Quantitative Management LLC boosted its position in shares of JD.com by 4.8% during 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 acquiring an additional 797 shares during the last quarter. Finally, First Pacific Financial increased its position in JD.com by 5.6% during the second quarter. First Pacific Financial now owns 16,927 shares of the information services provider's stock worth $437,000 after purchasing an additional 891 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Stock Up 1.5 %

JD stock traded up $0.59 during mid-day trading on Thursday, reaching $40.62. The company had a trading volume of 8,313,422 shares, compared to its average volume of 15,004,599. The firm has a fifty day simple moving average of $34.54 and a 200 day simple moving average of $30.62. 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 has a market capitalization of $64.06 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 0.61 and a beta of 0.42. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

JD.com (NASDAQ:JD - Get Free Report) last posted its earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating the consensus estimate of $0.79 by $8.57. The firm 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 quarter in the prior year, the company posted $0.68 earnings per share. Analysts forecast that JD.com, Inc. will post 3.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JD has been the topic of several recent analyst reports. Sanford C. Bernstein decreased 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 report on Friday, August 16th. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 8th. Susquehanna reaffirmed a "neutral" rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. Barclays raised 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. Finally, Benchmark reaffirmed a "buy" rating and issued a $47.00 target price on shares of JD.com in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $39.67.

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.