First Republic Investment Management Inc. Sells 3,685 Shares of JD.com, Inc. (NASDAQ:JD)

First Republic Investment Management Inc. trimmed its position in JD.com, Inc. (NASDAQ:JDGet Rating) by 23.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,917 shares of the information services provider’s stock after selling 3,685 shares during the quarter. First Republic Investment Management Inc.’s holdings in JD.com were worth $835,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Banco Santander S.A. grew its position in JD.com by 157.3% in the fourth quarter. Banco Santander S.A. now owns 722,840 shares of the information services provider’s stock valued at $50,649,000 after acquiring an additional 441,918 shares during the last quarter. CENTRAL TRUST Co increased its position in JD.com by 4.3% during the 4th quarter. CENTRAL TRUST Co now owns 24,165 shares of the information services provider’s stock worth $1,693,000 after purchasing an additional 1,007 shares in the last quarter. Simon Quick Advisors LLC lifted its stake in JD.com by 1,015.0% in the 4th quarter. Simon Quick Advisors LLC now owns 3,122 shares of the information services provider’s stock valued at $219,000 after purchasing an additional 2,842 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in JD.com by 14.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 37,146 shares of the information services provider’s stock valued at $2,603,000 after buying an additional 4,778 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of JD.com by 24.9% during the fourth quarter. Jennison Associates LLC now owns 387,270 shares of the information services provider’s stock worth $27,136,000 after buying an additional 77,243 shares in the last quarter. Institutional investors and hedge funds own 31.57% of the company’s stock.

NASDAQ:JD opened at $51.55 on Friday. JD.com, Inc. has a 52 week low of $41.56 and a 52 week high of $92.69. The firm has a 50-day moving average price of $57.45 and a two-hundred day moving average price of $69.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market cap of $69.48 billion, a price-to-earnings ratio of -135.66 and a beta of 0.57.

JD.com (NASDAQ:JDGet Rating) last posted its quarterly earnings data on Thursday, March 10th. The information services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $275.91 billion during the quarter, compared to analysts’ expectations of $273.82 billion. JD.com had a positive return on equity of 3.92% and a negative net margin of 0.39%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. As a group, sell-side analysts forecast that JD.com, Inc. will post 1.2 earnings per share for the current year.

The company also recently disclosed a — dividend, which will be paid on Tuesday, June 14th. Investors of record on Friday, May 20th will be paid a $1.26 dividend. The ex-dividend date is Thursday, May 19th.

A number of equities research analysts have weighed in on JD shares. StockNews.com assumed coverage on shares of JD.com in a report on Thursday, March 31st. They set a “hold” rating on the stock. Stifel Nicolaus decreased their price objective on JD.com from $110.00 to $95.00 in a report on Wednesday, January 26th. Citigroup reduced their price target on JD.com from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Friday, March 11th. JPMorgan Chase & Co. downgraded JD.com from an “overweight” rating to an “underweight” rating in a research report on Monday, March 14th. Finally, Zacks Investment Research cut JD.com from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, January 20th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $95.87.

JD.com Company Profile (Get Rating)

JD.com, Inc provides supply chain-based technologies and services 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, books, automobile accessories, apparel and footwear, bags, and jewelry.

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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