JD.com, Inc. $JD Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its position in shares of JD.com, Inc. (NASDAQ:JD) by 89.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,578 shares of the information services provider’s stock after selling 201,850 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in JD.com were worth $802,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB increased its holdings in JD.com by 2.3% in the 2nd quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock valued at $20,291,000 after purchasing an additional 13,755 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in JD.com by 42.6% during the second quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock worth $3,780,000 after purchasing an additional 34,585 shares in the last quarter. Royal Bank of Canada boosted its position in shares of JD.com by 4.5% during the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock worth $14,241,000 after buying an additional 15,000 shares during the period. Range Financial Group LLC grew its stake in shares of JD.com by 38.0% in the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock valued at $1,532,000 after buying an additional 12,920 shares in the last quarter. Finally, Polunin Capital Partners Ltd grew its stake in shares of JD.com by 1.8% in the second quarter. Polunin Capital Partners Ltd now owns 2,037,856 shares of the information services provider’s stock valued at $66,638,000 after buying an additional 35,747 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of JD stock opened at $29.42 on Thursday. The stock’s 50-day moving average is $32.78 and its two-hundred day moving average is $32.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. JD.com, Inc. has a 1 year low of $28.21 and a 1 year high of $46.44. The firm has a market cap of $42.15 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 6.56 and a beta of 0.41.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. The business had revenue of $41.98 billion during the quarter, compared to the consensus estimate of $40.87 billion. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $8.68 earnings per share. Analysts predict that JD.com, Inc. will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Susquehanna reaffirmed a “neutral” rating on shares of JD.com in a research note on Monday. Nomura cut their price objective on JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, November 17th. Bank of America decreased their target price on JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 14th. Morgan Stanley cut JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 target price for the company. in a research note on Monday, November 10th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $38.00 price target on shares of JD.com in a research report on Friday, November 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.43.

About JD.com

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.