Cortland Associates Inc. MO Cuts Stock Position in JD.com, Inc. (NASDAQ:JD)

Cortland Associates Inc. MO lessened its stake in JD.com, Inc. (NASDAQ:JD) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 328,625 shares of the information services provider’s stock after selling 4,367 shares during the period. JD.com accounts for approximately 1.3% of Cortland Associates Inc. MO’s investment portfolio, making the stock its 20th largest holding. Cortland Associates Inc. MO’s holdings in JD.com were worth $11,393,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JD. Brooklyn Investment Group acquired a new stake in JD.com in the fourth quarter worth about $34,000. Nisa Investment Advisors LLC lifted its holdings in shares of JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the period. Modus Advisors LLC acquired a new stake in shares of JD.com during the fourth quarter worth about $41,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of JD.com during the third quarter worth about $49,000. Finally, Trium Capital LLP acquired a new stake in shares of JD.com during the fourth quarter worth about $62,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

JD has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. JPMorgan Chase & Co. boosted their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. StockNews.com raised JD.com from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup lowered their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Trading Down 2.0 %

JD opened at $40.26 on Thursday. The stock has a market capitalization of $63.49 billion, a PE ratio of 12.74, a P/E/G ratio of 0.29 and a beta of 0.39. The firm’s fifty day moving average price is $36.57 and its 200 day moving average price is $33.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 12-month low of $21.18 and a 12-month high of $47.82.

JD.com 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.