Capital Investment Counsel Inc Sells 1,800 Shares of JD.com, Inc. (NASDAQ:JD)

Capital Investment Counsel Inc reduced its stake in shares of JD.com, Inc. (NASDAQ:JD) by 15.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 10,050 shares of the information services provider’s stock after selling 1,800 shares during the period. Capital Investment Counsel Inc’s holdings in JD.com were worth $402,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in JD. Atlas Capital Advisors LLC purchased a new position in JD.com in the 2nd quarter worth $28,000. Allspring Global Investments Holdings LLC raised its position in JD.com by 812.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after purchasing an additional 1,681 shares during the period. Hexagon Capital Partners LLC purchased a new position in JD.com in the 1st quarter worth $58,000. Blue Trust Inc. raised its position in JD.com by 295.7% in the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after purchasing an additional 2,360 shares during the period. Finally, Advisors Preferred LLC purchased a new position in JD.com in the 1st quarter worth $126,000. 15.98% of the stock is owned by institutional investors.

JD.com Stock Down 0.9 %

Shares of JD.com stock opened at $40.00 on Thursday. The company has a market cap of $63.08 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 0.65 and a beta of 0.42. The company’s 50 day moving average is $33.32 and its 200 day moving average is $30.13. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last announced its earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. The business had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share. Research analysts anticipate that JD.com, Inc. will post 3.75 EPS for the current year.

Analyst Ratings Changes

JD has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and decreased their price objective for the company from $49.00 to $48.00 in a research report on Monday. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. Barclays boosted their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Susquehanna restated a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.