JD.Com Inc (JD) Holdings Decreased by TD Asset Management Inc.
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.
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.
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.
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