Dai Ichi Life Insurance Company Ltd Sells 11,589 Shares of JD.com, Inc. (JD)

Dai Ichi Life Insurance Company Ltd lowered its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 5.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,734 shares of the information services provider’s stock after selling 11,589 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in JD.com were worth $7,210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of JD. Jennison Associates LLC boosted its stake in shares of JD.com by 0.8% in the 2nd quarter. Jennison Associates LLC now owns 36,469 shares of the information services provider’s stock valued at $1,430,000 after purchasing an additional 277 shares in the last quarter. Formula Growth Ltd. boosted its stake in shares of JD.com by 0.9% in the 2nd quarter. Formula Growth Ltd. now owns 71,347 shares of the information services provider’s stock valued at $2,798,000 after purchasing an additional 637 shares in the last quarter. ING Groep NV boosted its stake in shares of JD.com by 2.5% in the 2nd quarter. ING Groep NV now owns 31,439 shares of the information services provider’s stock valued at $1,233,000 after purchasing an additional 761 shares in the last quarter. Pillar Pacific Capital Management LLC boosted its stake in shares of JD.com by 0.6% in the 2nd quarter. Pillar Pacific Capital Management LLC now owns 126,075 shares of the information services provider’s stock valued at $4,945,000 after purchasing an additional 775 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its stake in shares of JD.com by 1.2% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 77,890 shares of the information services provider’s stock valued at $3,054,000 after purchasing an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 46.51% of the company’s stock.

JD has been the topic of several recent analyst reports. Bank of America Corporation restated a “buy” rating and issued a $53.00 target price (up previously from $46.00) on shares of JD.com in a research note on Wednesday, August 9th. MKM Partners restated a “buy” rating and issued a $51.00 target price on shares of JD.com in a research note on Monday, October 2nd. Vetr downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating and set a $44.44 target price on the stock. in a research note on Thursday, September 28th. restated a “buy” rating and issued a $49.00 target price on shares of JD.com in a research note on Tuesday, August 15th. Finally, Instinet restated a “buy” rating and issued a $55.00 target price (up previously from $46.00) on shares of JD.com in a research note on Tuesday, August 15th. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.50.

JD.com, Inc. (NASDAQ:JD) opened at $39.21 on Monday. The stock has a market cap of $55,807.00, a PE ratio of 1,960.50 and a beta of 1.40. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.30. JD.com, Inc. has a 52-week low of $25.25 and a 52-week high of $48.99.

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About JD.com

JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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