JD.com, Inc. $JD Stock Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC reduced its stake in JD.com, Inc. (NASDAQ:JD) by 64.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,940 shares of the information services provider’s stock after selling 58,595 shares during the period. Quadrant Capital Group LLC’s holdings in JD.com were worth $855,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of JD. Robeco Institutional Asset Management B.V. boosted its holdings in shares of JD.com by 2.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,356,490 shares of the information services provider’s stock worth $222,283,000 after buying an additional 235,034 shares during the period. KBC Group NV grew its stake in JD.com by 78.8% in the 1st quarter. KBC Group NV now owns 459,316 shares of the information services provider’s stock valued at $13,582,000 after buying an additional 202,488 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in JD.com by 20.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 477,000 shares of the information services provider’s stock valued at $12,154,000 after acquiring an additional 80,000 shares during the period. Tidal Investments LLC raised its holdings in JD.com by 109.1% in the 2nd quarter. Tidal Investments LLC now owns 382,838 shares of the information services provider’s stock valued at $9,755,000 after acquiring an additional 199,724 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in JD.com in the 1st quarter valued at about $7,537,000. 15.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on JD shares. Susquehanna cut their price objective on shares of JD.com from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Mizuho set a $39.00 target price on JD.com in a research report on Friday, August 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research report on Friday, August 14th. Barclays lowered their target price on JD.com from $41.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 14th. Finally, Bank of America dropped their price target on JD.com from $38.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.33.

JD.com Trading Down 1.2%

Shares of JD.com stock opened at $25.36 on Friday. The firm has a 50-day moving average of $27.35 and a 200-day moving average of $28.87. The stock has a market cap of $31.66 billion, a PE ratio of 17.61 and a beta of 0.33. JD.com, Inc. has a 52-week low of $24.51 and a 52-week high of $35.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 1.14.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. JD.com had a net margin of 1.13% and a return on equity of 6.78%. The business had revenue of $50.99 billion for the quarter, compared to the consensus estimate of $50.38 billion. During the same period in the prior year, the company posted $4.97 earnings per share. JD.com’s revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that JD.com, Inc. will post 2.90 EPS for the current year.

About JD.com

JD.com, Inc (NASDAQ:JD) is a technology and e-commerce company headquartered in Beijing, China. The company operates an online retail platform offering consumer electronics, appliances, computers, mobile devices, apparel, groceries, healthcare products and other consumer goods. Its business includes both direct sales of products and a marketplace that enables third-party merchants to reach customers.

Founded in 1998 by Richard Liu, JD.com has developed an integrated retail and logistics model designed to support product sourcing, warehousing, order fulfillment and delivery.