JD.com, Inc. $JD Shares Sold by US Bancorp DE

US Bancorp DE decreased its position in JD.com, Inc. (NASDAQ:JD) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,052 shares of the information services provider’s stock after selling 1,417 shares during the quarter. US Bancorp DE’s holdings in JD.com were worth $948,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JD. Hhlr Advisors LTD. lifted its holdings in shares of JD.com by 184.7% in the 1st quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock worth $197,857,000 after purchasing an additional 3,121,700 shares during the last quarter. Voya Investment Management LLC raised its stake in JD.com by 63.8% during the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock valued at $213,075,000 after acquiring an additional 2,018,675 shares in the last quarter. Federated Hermes Inc. raised its stake in JD.com by 61.9% during the 1st quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider’s stock valued at $179,862,000 after acquiring an additional 1,671,839 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its stake in shares of JD.com by 112.8% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 2,942,624 shares of the information services provider’s stock worth $121,010,000 after buying an additional 1,559,749 shares in the last quarter. Finally, Dodge & Cox raised its stake in shares of JD.com by 8.0% in the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider’s stock worth $742,748,000 after buying an additional 1,339,508 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

NASDAQ JD opened at $33.07 on Friday. JD.com, Inc. has a twelve month low of $29.90 and a twelve month high of $46.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. The stock has a market capitalization of $47.37 billion, a PE ratio of 9.29, a P/E/G ratio of 3.57 and a beta of 0.39. The stock has a 50-day simple moving average of $33.14 and a 200 day simple moving average of $33.34.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Benchmark decreased their target price on JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Bank of America decreased their target price on JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, July 14th. Citigroup initiated coverage on JD.com in a report on Monday, August 11th. They set a “buy” rating and a $42.00 price target on the stock. Arete upgraded JD.com from a “sell” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Friday, September 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of JD.com in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.86.

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.