JD.com, Inc. (NASDAQ:JD) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. decreased its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 281,389 shares of the information services provider’s stock after selling 10,200 shares during the quarter. Shell Asset Management Co.’s holdings in JD.com were worth $22,458,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of JD. OLD Mission Capital LLC purchased a new stake in JD.com during the third quarter worth approximately $8,565,000. Bank of Nova Scotia purchased a new stake in JD.com in the first quarter valued at approximately $202,000. Mariner LLC purchased a new stake in JD.com in the first quarter valued at approximately $1,011,000. Advisors Asset Management Inc. lifted its stake in JD.com by 5.4% in the first quarter. Advisors Asset Management Inc. now owns 14,352 shares of the information services provider’s stock valued at $1,210,000 after buying an additional 738 shares during the last quarter. Finally, Lincoln National Corp lifted its stake in JD.com by 20.8% in the first quarter. Lincoln National Corp now owns 9,018 shares of the information services provider’s stock valued at $760,000 after buying an additional 1,551 shares during the last quarter. Hedge funds and other institutional investors own 37.10% of the company’s stock.

JD.com stock traded down $2.15 during trading hours on Friday, hitting $73.98. The stock had a trading volume of 6,080,007 shares, compared to its average volume of 11,513,104. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.45 and a quick ratio of 1.12. The stock has a market capitalization of $99.09 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 3.70 and a beta of 0.77. JD.com, Inc. has a 1-year low of $61.65 and a 1-year high of $108.29. The stock’s fifty day moving average is $73.64 and its two-hundred day moving average is $75.79.

JD.com (NASDAQ:JD) last posted its earnings results on Sunday, August 22nd. The information services provider reported $2.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $2.58. The company had revenue of $253.80 billion for the quarter, compared to analyst estimates of $247.94 billion. JD.com had a return on equity of 4.95% and a net margin of 4.23%. JD.com’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.51 earnings per share. As a group, sell-side analysts anticipate that JD.com, Inc. will post 0.78 EPS for the current year.

A number of equities research analysts have weighed in on JD shares. DZ Bank cut JD.com from a “buy” rating to a “sell” rating and set a $62.00 price objective for the company. in a research note on Tuesday, July 27th. Zacks Investment Research lowered JD.com from a “hold” rating to a “sell” rating in a report on Friday, July 23rd. Citigroup dropped their target price on JD.com from $115.00 to $108.00 and set a “buy” rating on the stock in a report on Monday, August 23rd. The Goldman Sachs Group boosted their target price on JD.com from $119.00 to $130.00 and gave the company a “conviction-buy” rating in a report on Friday, July 2nd. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted their target price on JD.com from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, September 15th. Two analysts have rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $100.70.

JD.com Profile

JD.com, Inc is a technology driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. The company operates through the JD Retail and New Businesses segments. The JD Retail segment offers online retail, online marketplace, and marketing services.

Further Reading: Why do company’s buyback their stock?

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

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