JD.com, Inc. (NASDAQ:JD) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 82.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,504 shares of the information services provider's stock after selling 401,854 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in JD.com were worth $3,068,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Richardson Financial Services Inc. acquired a new stake in shares of JD.com during the fourth quarter valued at $27,000. Brooklyn Investment Group acquired a new position in shares of JD.com in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC lifted its stake in shares of 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 purchasing an additional 417 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of JD.com in the 4th quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com in the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on JD shares. Dbs Bank raised JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Benchmark reaffirmed a "buy" rating and issued a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a "market perform" rating to an "outperform" rating and raised their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Citigroup dropped their target price on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Finally, StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and an average target price of $41.36.

JD.com Stock Performance

Shares of JD traded up $0.76 during mid-day trading on Tuesday, hitting $40.07. The stock had a trading volume of 16,064,400 shares, compared to its average volume of 12,331,357. JD.com, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $47.82. The company has a market cap of $63.20 billion, a PE ratio of 12.68, a PEG ratio of 0.31 and a beta of 0.40. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company's fifty day simple moving average is $37.94 and its two-hundred day simple moving average is $35.91.

JD.com Company 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.