JD.com, Inc. $JD Position Reduced by Contrarius Group Holdings Ltd

Contrarius Group Holdings Ltd cut its position in shares of JD.com, Inc. (NASDAQ:JDFree Report) by 23.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 781,692 shares of the information services provider’s stock after selling 243,227 shares during the quarter. JD.com accounts for 1.1% of Contrarius Group Holdings Ltd’s portfolio, making the stock its 20th largest position. Contrarius Group Holdings Ltd owned about 0.05% of JD.com worth $22,435,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JD. Brighton Jones LLC acquired a new position in JD.com in the 4th quarter worth approximately $270,000. Empowered Funds LLC boosted its stake in JD.com by 35.5% in the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock worth $800,000 after purchasing an additional 5,099 shares during the period. Focus Partners Wealth grew its holdings in shares of JD.com by 36.5% during the first quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock valued at $1,184,000 after buying an additional 7,701 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of JD.com by 26.2% during the second quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock valued at $4,461,000 after buying an additional 28,339 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of JD.com by 22.4% during the second quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock valued at $2,147,000 after buying an additional 12,053 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of NASDAQ JD opened at $28.88 on Monday. The business has a 50 day simple moving average of $30.14 and a 200 day simple moving average of $29.13. JD.com, Inc. has a 52 week low of $24.51 and a 52 week high of $36.86. The stock has a market cap of $36.05 billion, a price-to-earnings ratio of 22.56 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18.

JD.com (NASDAQ:JDGet Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The company had revenue of $45.79 billion for the quarter. On average, research analysts predict that JD.com, Inc. will post 2.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on JD shares. Morgan Stanley lifted their price target on JD.com from $25.00 to $27.00 and gave the company an “underweight” rating in a report on Wednesday, May 13th. Sanford C. Bernstein upped their target price on JD.com from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Barclays upped their target price on JD.com from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. UBS Group reiterated a “buy” rating on shares of JD.com in a report on Friday, March 6th. Finally, Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, JD.com has a consensus rating of “Moderate Buy” and an average price target of $38.50.

View Our Latest Analysis on JD

About JD.com

(Free Report)

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.

Further Reading

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

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