Tree Line Advisors Hong Kong Ltd. lowered its stake in shares of JD.com, Inc. (NASDAQ:JD) by 23.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 720,000 shares of the information services provider’s stock after selling 220,000 shares during the quarter. JD.com comprises approximately 9.4% of Tree Line Advisors Hong Kong Ltd.’s investment portfolio, making the stock its 3rd largest position. Tree Line Advisors Hong Kong Ltd.’s holdings in JD.com were worth $57,463,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of JD. Burleson & Company LLC bought a new position in shares of JD.com during the 1st quarter valued at about $25,000. Meridian Wealth Partners LLC bought a new position in shares of JD.com during the 1st quarter valued at about $28,000. Harbour Investments Inc. bought a new position in shares of JD.com during the 1st quarter valued at about $39,000. Wagner Wealth Management LLC bought a new position in shares of JD.com during the 1st quarter valued at about $40,000. Finally, Institutional & Family Asset Management LLC lifted its holdings in shares of JD.com by 500.0% during the 1st quarter. Institutional & Family Asset Management LLC now owns 534 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 37.10% of the company’s stock.
Get JD.com alerts: JD has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price objective on JD.com from $119.00 to $130.00 and gave the company a “conviction-buy” rating in a report on Friday, July 2nd. They noted that the move was a valuation call. Citigroup dropped their target price on JD.com from $115.00 to $108.00 and set a “buy” rating on the stock in a research report on Monday, August 23rd. CLSA dropped their target price on JD.com from $110.00 to $102.00 and set a “buy” rating on the stock in a research report on Tuesday, August 24th. DZ Bank lowered JD.com from a “buy” rating to a “sell” rating and set a $62.00 target price on the stock. in a research report on Tuesday, July 27th. Finally, Benchmark dropped their target price on JD.com from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Tuesday, August 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $100.70.
JD stock traded up $0.52 during mid-day trading on Friday, hitting $77.69. The stock had a trading volume of 9,779,545 shares, compared to its average volume of 12,016,082. The company has a current ratio of 1.45, a quick ratio of 1.12 and a debt-to-equity ratio of 0.05. JD.com, Inc. has a 52 week low of $61.65 and a 52 week high of $108.29. The firm has a market capitalization of $104.06 billion, a P/E ratio of 22.58, a P/E/G ratio of 3.70 and a beta of 0.77. The firm has a fifty day simple moving average of $73.72 and a 200 day simple moving average of $76.23.
JD.com (NASDAQ:JD) last released its earnings results on Sunday, August 22nd. The information services provider reported $2.90 EPS for the quarter, beating the consensus estimate of $0.32 by $2.58. JD.com had a net margin of 4.23% and a return on equity of 4.95%. The firm had revenue of $253.80 billion for the quarter, compared to analyst estimates of $247.94 billion. During the same period last year, the firm earned $3.51 EPS. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. As a group, equities analysts expect that JD.com, Inc. will post 0.78 earnings per share for the current fiscal year.
JD.com, Inc is a technology driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. The company operates through the JD Retail and New Businesses segments. The JD Retail segment offers online retail, online marketplace, and marketing services.
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