TD Asset Management Inc. lessened its holdings in shares of JD.Com Inc (NASDAQ:JD) by 13.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,252 shares of the information services provider’s stock after selling 7,000 shares during the quarter. TD Asset Management Inc.’s holdings in JD.Com were worth $1,763,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Centaurus Financial Inc. purchased a new position in shares of JD.Com in the 1st quarter worth $114,000. Bronfman E.L. Rothschild L.P. raised its position in shares of JD.Com by 521.9% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,836 shares of the information services provider’s stock worth $115,000 after buying an additional 2,380 shares during the period. Legacy Advisors LLC raised its position in shares of JD.Com by 200.0% in the 2nd quarter. Legacy Advisors LLC now owns 3,000 shares of the information services provider’s stock worth $117,000 after buying an additional 2,000 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of JD.Com by 69.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,347 shares of the information services provider’s stock worth $130,000 after buying an additional 1,375 shares during the period. Finally, Point72 Asia Hong Kong Ltd purchased a new position in shares of JD.Com in the 1st quarter worth $165,000. 51.45% of the stock is currently owned by institutional investors.

Shares of NASDAQ:JD opened at $32.70 on Monday. JD.Com Inc has a 12 month low of $31.07 and a 12 month high of $50.68. The company has a market cap of $43.09 billion, a P/E ratio of 3,222.00, a PEG ratio of 7.07 and a beta of 1.49. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.13.

JD.Com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.35. The firm had revenue of $122.30 billion for the quarter, compared to analyst estimates of $122.78 billion. JD.Com had a net margin of 0.31% and a return on equity of 3.62%. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share. analysts anticipate that JD.Com Inc will post 0.22 earnings per share for the current fiscal year.

Several research analysts recently weighed in on JD shares. Stifel Nicolaus cut their target price on JD.Com from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, May 1st. ValuEngine raised JD.Com from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. TheStreet raised JD.Com from a “d+” rating to a “c” rating in a research report on Monday, April 30th. Benchmark cut their target price on shares of JD.Com from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, May 7th. Finally, JPMorgan Chase & Co. cut shares of JD.Com from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 9th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. JD.Com has an average rating of “Hold” and an average target price of $47.36.

About JD.Com

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 Mall 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; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

Recommended Story: Short Selling Stocks, A Beginner’s Guide

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

Receive News & Ratings for JD.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.Com and related companies with MarketBeat.com's FREE daily email newsletter.