JD.com, Inc. (JD) Stake Lowered by AMP Capital Investors Ltd
AMP Capital Investors Ltd cut its holdings in JD.com, Inc. (NASDAQ:JD) by 18.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 236,199 shares of the information services provider’s stock after selling 54,993 shares during the period. AMP Capital Investors Ltd’s holdings in JD.com were worth $9,023,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in JD.com during the third quarter worth about $101,000. Highstreet Asset Management Inc. acquired a new stake in JD.com during the second quarter worth about $127,000. Advisor Group Inc. grew its position in JD.com by 253.0% during the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock worth $154,000 after buying an additional 2,907 shares in the last quarter. IFP Advisors Inc grew its position in JD.com by 585.2% during the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock worth $192,000 after buying an additional 4,184 shares in the last quarter. Finally, Suntrust Banks Inc. acquired a new stake in JD.com during the second quarter worth about $207,000. Institutional investors and hedge funds own 44.99% of the company’s stock.
JD has been the topic of a number of recent research reports. Vetr raised JD.com from a “hold” rating to a “buy” rating and set a $45.83 target price on the stock in a research report on Friday, September 22nd. KeyCorp set a $49.00 target price on JD.com and gave the stock a “buy” rating in a research report on Thursday, October 19th. Morgan Stanley downgraded JD.com from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $50.00 to $52.00 in a report on Tuesday, November 14th. Zacks Investment Research downgraded JD.com from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, reaffirmed a “buy” rating and set a $49.00 price objective on shares of JD.com in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $45.50.
JD.com, Inc. (NASDAQ JD) opened at $38.56 on Wednesday. The company has a market capitalization of $54,739.54, a P/E ratio of 1,923.00 and a beta of 1.37. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.30. JD.com, Inc. has a 1-year low of $25.25 and a 1-year high of $48.99.
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JD.com Company Profile
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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