Veritas Asset Management LLP Has $836,000 Stock Position in JD.com, Inc. (NASDAQ:JD)

Veritas Asset Management LLP lowered its holdings in JD.com, Inc. (NASDAQ:JD) by 96.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,099 shares of the information services provider’s stock after selling 716,956 shares during the quarter. Veritas Asset Management LLP’s holdings in JD.com were worth $836,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JD. Richardson Financial Services Inc. acquired a new stake in shares of JD.com during the 4th quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in JD.com in the 4th quarter valued at $34,000. Nisa Investment Advisors LLC raised its position 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 acquiring an additional 417 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of JD.com during the fourth quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of JD.com during the third quarter worth $49,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Down 7.3 %

Shares of NASDAQ:JD opened at $39.31 on Tuesday. The firm has a market cap of $62.00 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.31 and a beta of 0.40. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 12-month low of $21.18 and a 12-month high of $47.82. The business has a fifty day simple moving average of $37.94 and a 200 day simple moving average of $35.91.

Analyst Upgrades and Downgrades

JD has been the subject of a number of recent analyst reports. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $46.00 in a report on Monday, December 9th. Dbs Bank raised JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Citigroup reduced their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Benchmark reiterated a “buy” rating and set a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Two equities 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 stock. According to MarketBeat.com, JD.com has an average rating of “Moderate Buy” and a consensus target price of $41.36.

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.