Schonfeld Strategic Advisors LLC Sells 590,932 Shares of JD.Com Inc (NASDAQ:JD)

Schonfeld Strategic Advisors LLC decreased its holdings in JD.Com Inc (NASDAQ:JD) by 58.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 418,003 shares of the information services provider’s stock after selling 590,932 shares during the quarter. JD.Com makes up about 0.6% of Schonfeld Strategic Advisors LLC’s investment portfolio, making the stock its 18th largest position. Schonfeld Strategic Advisors LLC’s holdings in JD.Com were worth $25,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JD. Shine Investment Advisory Services Inc. bought a new position in JD.Com in the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of JD.Com during the second quarter worth $30,000. American Beacon Advisors Inc. bought a new stake in shares of JD.Com during the first quarter worth $47,000. SRS Capital Advisors Inc. raised its position in shares of JD.Com by 27.7% during the second quarter. SRS Capital Advisors Inc. now owns 798 shares of the information services provider’s stock worth $48,000 after acquiring an additional 173 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of JD.Com during the second quarter worth $50,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

A number of research firms have recently weighed in on JD. BidaskClub upgraded JD.Com from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Citigroup lifted their price objective on JD.Com from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Mizuho lifted their price objective on JD.Com from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. China Renaissance Securities lifted their price objective on JD.Com from $76.00 to $80.00 in a research note on Tuesday, August 18th. Finally, Benchmark lifted their price objective on JD.Com from $66.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. JD.Com currently has an average rating of “Buy” and a consensus target price of $62.67.

Shares of JD stock traded down $1.91 during trading hours on Wednesday, reaching $75.09. The company’s stock had a trading volume of 8,054,606 shares, compared to its average volume of 15,490,843. The firm’s 50 day simple moving average is $71.02 and its 200-day simple moving average is $55.41. The company has a market capitalization of $109.55 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 1.24 and a beta of 0.97. JD.Com Inc has a fifty-two week low of $27.47 and a fifty-two week high of $86.58. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.10.

JD.Com (NASDAQ:JD) last issued its earnings results on Monday, August 17th. The information services provider reported $3.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $3.23. The firm had revenue of $201.10 billion for the quarter, compared to the consensus estimate of $190.02 billion. JD.Com had a return on equity of 9.53% and a net margin of 3.34%. The company’s revenue was up 33.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.30 EPS. Sell-side analysts predict that JD.Com Inc will post 1.2 earnings per share for the current year.

JD.Com Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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Institutional Ownership by Quarter for JD.Com (NASDAQ:JD)

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