RBF Capital LLC Sells 60,000 Shares of JD.com, Inc. (NASDAQ:JD)

RBF Capital LLC cut its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 44.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,000 shares of the information services provider's stock after selling 60,000 shares during the quarter. RBF Capital LLC's holdings in JD.com were worth $3,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Polunin Capital Partners Ltd grew its stake in shares of JD.com by 27.8% in the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider's stock worth $82,291,000 after purchasing an additional 447,264 shares during the last quarter. Seven Grand Managers LLC purchased a new stake in JD.com in the third quarter worth about $16,800,000. Citigroup Inc. lifted its holdings in JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock worth $16,012,000 after buying an additional 36,096 shares during the period. SG Americas Securities LLC lifted its holdings in JD.com by 55.8% in the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider's stock worth $3,770,000 after buying an additional 33,771 shares during the period. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in JD.com in the third quarter worth about $740,000. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

NASDAQ:JD traded up $0.74 during trading hours on Thursday, reaching $36.47. The company had a trading volume of 4,507,004 shares, compared to its average volume of 14,704,205. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82. The firm has a market cap of $57.52 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.30 and a beta of 0.38. The firm's 50 day moving average price is $39.39 and its 200-day moving average price is $31.83.

Analysts Set New Price Targets

JD has been the subject of several research analyst reports. Sanford C. Bernstein lowered 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 report on Friday, August 16th. Citigroup lowered their price objective on shares of JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a report on Friday, November 15th. Susquehanna reiterated a "neutral" rating and set a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Benchmark reiterated a "buy" rating and set a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Finally, StockNews.com upgraded shares of JD.com from a "hold" rating to a "buy" rating in a report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.36.

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.