Teachers Retirement System of The State of Kentucky Sells 305,960 Shares of JD.com, Inc. $JD

Teachers Retirement System of The State of Kentucky lessened its position in JD.com, Inc. (NASDAQ:JD) by 49.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 312,600 shares of the information services provider’s stock after selling 305,960 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in JD.com were worth $9,244,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. NFJ Investment Group LLC grew its holdings in JD.com by 61.8% during the fourth quarter. NFJ Investment Group LLC now owns 699,518 shares of the information services provider’s stock worth $20,076,000 after buying an additional 267,159 shares in the last quarter. Monaco Asset Management SAM lifted its stake in JD.com by 60.0% during the 4th quarter. Monaco Asset Management SAM now owns 160,000 shares of the information services provider’s stock valued at $4,592,000 after acquiring an additional 60,000 shares in the last quarter. Legal & General Group Plc boosted its holdings in JD.com by 4.7% during the 4th quarter. Legal & General Group Plc now owns 1,545,460 shares of the information services provider’s stock worth $44,346,000 after acquiring an additional 70,062 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in JD.com by 381.3% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 83,093 shares of the information services provider’s stock worth $2,385,000 after acquiring an additional 65,829 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of JD.com in the 4th quarter worth $1,604,000. Institutional investors own 15.98% of the company’s stock.

JD.com Trading Up 2.4%

Shares of JD.com stock opened at $28.88 on Tuesday. JD.com, Inc. has a 1 year low of $24.51 and a 1 year high of $36.86. The firm has a market cap of $36.05 billion, a PE ratio of 22.56 and a beta of 0.40. The stock has a fifty day moving average price of $28.85 and a 200-day moving average price of $28.74. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. The company had revenue of $45.79 billion for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. Equities research analysts anticipate that JD.com, Inc. will post 2.77 EPS for the current year.

Wall Street Analyst Weigh In

JD has been the subject of several analyst reports. Daiwa Securities Group reiterated a “hold” rating and issued a $27.00 target price on shares of JD.com in a report on Tuesday, June 23rd. Barclays boosted their price target on shares of JD.com from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Weiss Ratings lowered shares of JD.com from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Nomura increased their price objective on shares of JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Morgan Stanley lifted their target price on shares of JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.58.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.