Traders Sell Shares of JD.Com (JD) on Strength (JD)
Traders sold shares of JD.Com Inc (NASDAQ:JD) on strength during trading hours on Monday. $95.44 million flowed into the stock on the tick-up and $137.35 million flowed out of the stock on the tick-down, for a money net flow of $41.91 million out of the stock. Of all stocks tracked, JD.Com had the 0th highest net out-flow for the day. JD.Com traded up $0.46 for the day and closed at $46.10
A number of brokerages have commented on JD. Vetr lowered JD.Com from a “strong-buy” rating to a “buy” rating and set a $51.52 price objective on the stock. in a research report on Monday. Wells Fargo & Co began coverage on JD.Com in a research report on Tuesday, September 26th. They issued an “outperform” rating and a $50.00 price objective on the stock. BidaskClub upgraded JD.Com from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. Nomura increased their price objective on JD.Com from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, MKM Partners reiterated a “buy” rating and issued a $51.00 price objective on shares of JD.Com in a research report on Monday, October 2nd. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $46.75.
The company has a debt-to-equity ratio of 0.30, a current ratio of 1.12 and a quick ratio of 0.79. The stock has a market cap of $65,640.00, a PE ratio of -658.57 and a beta of 1.38.
Large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. acquired a new stake in JD.Com during the 2nd quarter worth $1,952,000. Principal Financial Group Inc. acquired a new stake in JD.Com during the 2nd quarter worth $854,000. Private Advisor Group LLC acquired a new stake in JD.Com during the 2nd quarter worth $283,000. CIBC World Markets Inc. acquired a new stake in JD.Com during the 2nd quarter worth $783,000. Finally, Franklin Resources Inc. raised its stake in JD.Com by 0.7% during the 2nd quarter. Franklin Resources Inc. now owns 1,098,935 shares of the information services provider’s stock worth $43,101,000 after buying an additional 7,232 shares during the period. Institutional investors and hedge funds own 44.02% of the company’s stock.
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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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