Cable Hill Partners LLC Has $405,000 Position in JD.com, Inc. (NASDAQ:JD)

Cable Hill Partners LLC cut its position in JD.com, Inc. (NASDAQ:JD) by 30.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,114 shares of the information services provider’s stock after selling 4,531 shares during the period. Cable Hill Partners LLC’s holdings in JD.com were worth $405,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JD. Atlas Capital Advisors LLC bought a new position in shares of JD.com during the 2nd quarter valued at about $28,000. Allspring Global Investments Holdings LLC lifted its stake in JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after buying an additional 1,681 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of JD.com by 295.7% in the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after buying an additional 2,360 shares during the period. Unique Wealth Strategies LLC acquired a new stake in shares of JD.com during the second quarter worth $172,000. Finally, Wolverine Asset Management LLC bought a new stake in JD.com in the 3rd quarter valued at $183,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JD. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and cut their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Barclays raised their target price 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. Sanford C. Bernstein cut their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $47.00 target price on shares of JD.com in a research report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average target price of $39.71.

JD.com Price Performance

Shares of JD opened at $35.69 on Thursday. The company’s 50-day moving average is $36.85 and its 200-day moving average is $31.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The firm has a market capitalization of $56.29 billion, a PE ratio of 12.98, a PEG ratio of 0.40 and a beta of 0.41. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

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

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.