Y Intercept Hong Kong Ltd Lowers Holdings in JD.com, Inc. (NASDAQ:JD)

Y Intercept Hong Kong Ltd reduced its stake in shares of JD.com, Inc. (NASDAQ:JD) by 82.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,504 shares of the information services provider’s stock after selling 401,854 shares during the period. Y Intercept Hong Kong Ltd’s holdings in JD.com were worth $3,068,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Richardson Financial Services Inc. purchased a new position in JD.com in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in JD.com during the fourth quarter worth approximately $34,000. Nisa Investment Advisors LLC increased its position in shares of JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after acquiring an additional 417 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of JD.com in the 4th quarter valued at $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com during the 3rd quarter valued at $49,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Down 7.3 %

Shares of JD.com stock opened at $39.31 on Tuesday. The business has a 50-day moving average price of $37.94 and a 200 day moving average price of $35.91. JD.com, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $47.82. 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 company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

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

JD.com 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.