JD.com, Inc. (NASDAQ:JD) Stock Holdings Lessened by Cable Hill Partners LLC

Cable Hill Partners LLC reduced its holdings in JD.com, Inc. (NASDAQ:JD) by 7.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,374 shares of the information services provider’s stock after selling 740 shares during the period. Cable Hill Partners LLC’s holdings in JD.com were worth $325,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Citigroup Inc. increased its holdings in shares of JD.com by 9.9% in the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock worth $16,012,000 after acquiring an additional 36,096 shares during the period. Maple Rock Capital Partners Inc. increased its holdings in shares of JD.com by 5.9% in 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 during the period. 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 worth $12,343,000 after acquiring an additional 242,409 shares during the period. National Bank of Canada FI increased its holdings in shares of JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after acquiring an additional 2,211,095 shares during the period. Finally, China Universal Asset Management Co. Ltd. acquired a new position in JD.com during the 3rd quarter valued at about $740,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Citigroup lowered their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Benchmark reissued a “buy” rating and set a $47.00 target price on shares of JD.com in a research note on Friday, November 15th. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and raised their target price for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Finally, Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Performance

Shares of JD opened at $42.53 on Thursday. JD.com, Inc. has a one year low of $21.18 and a one year high of $47.82. The company has a 50-day moving average of $38.11 and a two-hundred day moving average of $36.06. The stock has a market cap of $67.07 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.31 and a beta of 0.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

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.