CIBC Asset Management Inc Trims Stock Position in JD.com, Inc. (NASDAQ:JD)

CIBC Asset Management Inc lessened its holdings in JD.com, Inc. (NASDAQ:JDGet Rating) by 5.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,178 shares of the information services provider’s stock after selling 4,511 shares during the period. CIBC Asset Management Inc’s holdings in JD.com were worth $4,351,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Samalin Investment Counsel LLC lifted its holdings in shares of JD.com by 103.0% in the fourth quarter. Samalin Investment Counsel LLC now owns 670 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 340 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new position in shares of JD.com in the fourth quarter valued at approximately $66,000. GW&K Investment Management LLC acquired a new position in shares of JD.com in the fourth quarter valued at approximately $88,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of JD.com in the first quarter valued at approximately $81,000. Finally, CWM LLC acquired a new position in shares of JD.com in the fourth quarter valued at approximately $108,000. Hedge funds and other institutional investors own 31.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of JD.com from $98.00 to $89.00 and set a “buy” rating for the company in a research report on Monday, July 11th. Citigroup boosted their price objective on shares of JD.com from $90.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, July 11th. CLSA dropped their price target on shares of JD.com from $108.00 to $100.00 in a research report on Wednesday, April 13th. Susquehanna dropped their price target on shares of JD.com from $66.00 to $55.00 in a research report on Thursday, May 19th. Finally, JPMorgan Chase & Co. raised shares of JD.com from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $40.00 to $58.00 in a research report on Monday, May 16th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.57.

JD.com Stock Performance

JD.com stock opened at $61.91 on Friday. JD.com, Inc. has a 52-week low of $41.56 and a 52-week high of $92.69. The firm has a fifty day moving average of $61.90 and a 200-day moving average of $62.12. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.32 and a quick ratio of 1.01.

JD.com (NASDAQ:JDGet Rating) last released its quarterly earnings data on Tuesday, May 17th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.10. JD.com had a negative net margin of 1.03% and a positive return on equity of 3.95%. The company had revenue of $239.66 billion during the quarter, compared to analyst estimates of $235.73 billion. During the same quarter in the prior year, the business earned $0.22 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, analysts predict that JD.com, Inc. will post 1.34 EPS for the current year.

JD.com Dividend Announcement

The company also recently announced a — dividend, which was paid on Tuesday, June 14th. Stockholders of record on Friday, May 20th were paid a $1.26 dividend. The ex-dividend date was Thursday, May 19th.

JD.com Profile

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JD.com, Inc provides supply chain-based technologies and services 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, books, automobile accessories, apparel and footwear, bags, and jewelry.

Further Reading

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

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