Ieq Capital LLC Sells 20,184 Shares of JD.com, Inc. (NASDAQ:JD)

Ieq Capital LLC lessened its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 33.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,531 shares of the information services provider’s stock after selling 20,184 shares during the quarter. Ieq Capital LLC’s holdings in JD.com were worth $1,371,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Richardson Financial Services Inc. purchased a new position in JD.com in the fourth quarter worth $27,000. Brooklyn Investment Group bought a new stake in JD.com during the fourth quarter worth about $34,000. Nisa Investment Advisors LLC boosted its holdings in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares in the last quarter. Modus Advisors LLC bought a new position in shares of JD.com during the 4th quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of JD.com during the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

Shares of JD stock opened at $39.31 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The firm has a market cap of $62.00 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.31 and a beta of 0.40. The business’s 50 day moving average price is $37.94 and its 200-day moving average price is $35.91. JD.com, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $47.82.

Analyst Ratings Changes

JD has been the subject of several research reports. Citigroup cut their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

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.