GSA Capital Partners LLP Sells 26,779 Shares of JD.com, Inc. (NASDAQ:JD)

GSA Capital Partners LLP lowered its position in shares of JD.com, Inc. (NASDAQ:JD) by 39.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,344 shares of the information services provider’s stock after selling 26,779 shares during the quarter. GSA Capital Partners LLP’s holdings in JD.com were worth $1,654,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Atlas Capital Advisors LLC bought a new stake in JD.com during the second quarter valued at $28,000. Allspring Global Investments Holdings LLC boosted its position in shares of JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after purchasing an additional 1,681 shares in the last quarter. Blue Trust Inc. grew its stake in shares of JD.com by 295.7% in the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after buying an additional 2,360 shares during the period. Unique Wealth Strategies LLC bought a new stake in JD.com in the 2nd quarter valued at about $172,000. Finally, Wolverine Asset Management LLC acquired a new position in JD.com during the 3rd quarter worth approximately $183,000. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on JD. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Susquehanna reaffirmed a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Finally, Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of JD.com in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

JD.com Stock Down 7.5 %

JD.com stock opened at $36.10 on Wednesday. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82. The firm has a market capitalization of $56.93 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 0.43 and a beta of 0.41. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $36.67 and a 200 day simple moving average of $31.40.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. During the same period in the previous year, the business earned $0.68 EPS. JD.com’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that JD.com, Inc. will post 3.74 earnings per share for the current year.

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.