Sumitomo Mitsui Trust Group Inc. Sells 55,629 Shares of JD.com, Inc. (NASDAQ:JD)

Sumitomo Mitsui Trust Group Inc. reduced its position in JD.com, Inc. (NASDAQ:JD) by 85.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,844 shares of the information services provider’s stock after selling 55,629 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in JD.com were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JD. Richardson Financial Services Inc. purchased a new position in shares of JD.com in the fourth quarter worth $27,000. Brooklyn Investment Group purchased a new position in shares of JD.com in the fourth quarter worth $34,000. Nisa Investment Advisors LLC lifted its holdings 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 buying an additional 417 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of JD.com in the fourth quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of JD.com in the third quarter worth $49,000. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Performance

Shares of JD.com stock opened at $41.38 on Friday. JD.com, Inc. has a one year low of $21.18 and a one year high of $47.82. The company has a market cap of $65.26 billion, a PE ratio of 13.09, a P/E/G ratio of 0.30 and a beta of 0.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The business has a 50-day simple moving average of $37.71 and a 200-day simple moving average of $35.15.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on JD shares. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and upped their price target for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research note on Wednesday. Citigroup decreased their price target 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. Finally, StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and an average price target of $41.36.

About JD.com

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.