JD.com, Inc. (NASDAQ:JD) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its stake in shares of JD.com, Inc. (NASDAQ:JD) by 80.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,974 shares of the information services provider’s stock after selling 32,052 shares during the quarter. Aigen Investment Management LP’s holdings in JD.com were worth $319,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of 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. Avantax Advisory Services Inc. raised its holdings in JD.com by 23.4% in the first quarter. Avantax Advisory Services Inc. now owns 18,053 shares of the information services provider’s stock valued at $494,000 after buying an additional 3,422 shares during the period. O Shaughnessy Asset Management LLC lifted its position in JD.com by 103.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 62,002 shares of the information services provider’s stock valued at $1,698,000 after buying an additional 31,563 shares in the last quarter. Discerene Group LP increased its position in shares of JD.com by 66.0% in the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after acquiring an additional 2,207,619 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of JD.com by 94.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 163,961 shares of the information services provider’s stock valued at $4,488,000 after acquiring an additional 79,852 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Performance

Shares of NASDAQ JD opened at $35.00 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82. The business’s 50-day moving average price is $37.17 and its two-hundred day moving average price is $31.49. The company has a market capitalization of $55.20 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. The firm had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 earnings per share. Analysts anticipate that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

JD has been the topic of several research reports. Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research report on Friday. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein decreased their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Finally, Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Company Profile

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.