Mirae Asset Global Investments Co. Ltd. Cuts Position in JD.com, Inc. (NASDAQ:JD)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 24.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,331 shares of the information services provider’s stock after selling 13,241 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in JD.com were worth $1,383,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. First Pacific Financial increased its position in JD.com by 11.3% during the 3rd quarter. First Pacific Financial now owns 18,834 shares of the information services provider’s stock valued at $753,000 after buying an additional 1,907 shares in the last quarter. Prospect Financial Services LLC bought a new position in shares of JD.com during the third quarter valued at $269,000. Seven Grand Managers LLC purchased a new position in shares of JD.com in the 3rd quarter worth about $16,800,000. Naviter Wealth LLC boosted its stake in JD.com by 7.1% in the 3rd quarter. Naviter Wealth LLC now owns 34,259 shares of the information services provider’s stock worth $1,370,000 after purchasing an additional 2,267 shares in the last quarter. Finally, Aurora Investment Managers LLC. grew its position in JD.com by 2.4% during the 3rd quarter. Aurora Investment Managers LLC. now owns 208,649 shares of the information services provider’s stock valued at $8,346,000 after purchasing an additional 4,927 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

JD has been the topic of several analyst reports. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and cut their target price for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Barclays boosted their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Citigroup decreased their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Performance

Shares of NASDAQ JD opened at $40.80 on Wednesday. JD.com, Inc. has a 12-month low of $21.18 and a 12-month high of $47.82. The firm has a market capitalization of $64.35 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.30 and a beta of 0.40. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $37.42 and a 200 day moving average of $34.89.

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.