Highland Capital Management LLC Sells 500 Shares of JD.com, Inc. (NASDAQ:JD)

Highland Capital Management LLC reduced its position in JD.com, Inc. (NASDAQ:JD) by 2.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,200 shares of the information services provider’s stock after selling 500 shares during the period. Highland Capital Management LLC’s holdings in JD.com were worth $666,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JD. Brooklyn Investment Group purchased a new position in shares of JD.com in the fourth quarter valued at $34,000. Nisa Investment Advisors LLC lifted its holdings in JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares in the last quarter. Modus Advisors LLC bought a new position in JD.com in the 4th quarter worth about $41,000. Wilmington Savings Fund Society FSB purchased a new position in JD.com during the 3rd quarter valued at about $49,000. Finally, Trium Capital LLP bought a new stake in shares of JD.com during the fourth quarter valued at about $62,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Performance

JD.com stock opened at $40.72 on Friday. The firm has a fifty day simple moving average of $36.81 and a two-hundred day simple moving average of $34.09. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a twelve month low of $21.18 and a twelve month high of $47.82. The company has a market capitalization of $64.22 billion, a PE ratio of 12.89, a P/E/G ratio of 0.30 and a beta of 0.39.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup cut their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and reduced their target price for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research report on Friday. Barclays upped their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted 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. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.