Gradient Investments LLC Sells 4,235 Shares of JD.com, Inc. (NASDAQ:JD)

Gradient Investments LLC reduced its position in shares of JD.com, Inc. (NASDAQ:JD) by 23.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,014 shares of the information services provider’s stock after selling 4,235 shares during the period. Gradient Investments LLC’s holdings in JD.com were worth $486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of JD.com during the 4th quarter worth $34,000. Nisa Investment Advisors LLC raised its position in JD.com by 71.5% in 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 period. Modus Advisors LLC purchased a new position in JD.com in the fourth quarter valued at about $41,000. Wilmington Savings Fund Society FSB bought a new position in shares of JD.com during the 3rd quarter valued at approximately $49,000. Finally, Trium Capital LLP purchased a new stake in shares of JD.com during the 4th quarter worth approximately $62,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JD has been the topic of several research analyst reports. Citigroup dropped 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. Barclays increased their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and cut their target price for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Up 5.2 %

JD opened at $40.72 on Friday. The company has a market cap of $64.22 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.29 and a beta of 0.39. JD.com, Inc. has a 12 month low of $21.18 and a 12 month high of $47.82. The business’s 50-day moving average price is $36.35 and its 200-day moving average price is $33.72. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

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.