Aigen Investment Management LP Has $319,000 Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Aigen Investment Management LP trimmed its position in JD.com, Inc. (NASDAQ:JD) by 80.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,974 shares of the information services provider’s stock after selling 32,052 shares during the quarter. Aigen Investment Management LP’s holdings in JD.com were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of JD. Canada Pension Plan Investment Board increased its position in JD.com by 9.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after buying an additional 129,763 shares during the period. Polunin Capital Partners Ltd increased its position in JD.com by 27.8% during the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after acquiring an additional 447,264 shares during the period. Seven Grand Managers LLC bought a new stake in JD.com in the 3rd quarter valued at $16,800,000. SG Americas Securities LLC grew its position in JD.com by 55.8% in the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock worth $3,770,000 after purchasing an additional 33,771 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in JD.com by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock worth $10,110,000 after purchasing an additional 63,800 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Up 4.9 %

NASDAQ JD opened at $35.00 on Friday. The stock’s 50 day simple moving average is $37.17 and its 200 day simple moving average is $31.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82. The firm has a market cap of $55.20 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41.

JD.com (NASDAQ:JD) last announced its earnings results 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. The company had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. As a group, sell-side analysts forecast that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Sanford C. Bernstein lowered their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and reduced their target price for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. boosted their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.36.

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.