JD.com, Inc. (NASDAQ:JD) Shares Sold by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd lessened its stake in JD.com, Inc. (NASDAQ:JD) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,085 shares of the information services provider’s stock after selling 4,115 shares during the quarter. JD.com comprises 0.9% of Central Asset Investments & Management Holdings HK Ltd’s portfolio, making the stock its 28th largest holding. Central Asset Investments & Management Holdings HK Ltd’s holdings in JD.com were worth $1,459,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in JD. Citigroup Inc. increased its holdings in JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after buying an additional 36,096 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its position in shares of JD.com by 5.9% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after acquiring an additional 200,200 shares in the last quarter. KBC Group NV increased its holdings in shares of JD.com by 213.4% in the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock valued at $12,343,000 after acquiring an additional 242,409 shares during the last quarter. National Bank of Canada FI lifted its stake in JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after purchasing an additional 2,211,095 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. acquired a new position in JD.com in the third quarter valued at approximately $740,000. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Trading Up 6.1 %

Shares of JD stock opened at $42.53 on Thursday. The company has a market capitalization of $67.07 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $38.11 and its two-hundred day moving average is $36.06. JD.com, Inc. has a twelve month low of $21.18 and a twelve month high of $47.82.

Analysts Set New Price Targets

A number of research firms have weighed in on JD. Citigroup cut their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Benchmark restated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Dbs Bank raised JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, JD.com presently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

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.