Handelsbanken Fonder AB Cuts Stake in JD.com, Inc. $JD

Handelsbanken Fonder AB lessened its position in JD.com, Inc. (NASDAQ:JD) by 21.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 687,000 shares of the information services provider’s stock after selling 183,895 shares during the period. Handelsbanken Fonder AB’s holdings in JD.com were worth $24,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in JD. Channing Global Advisors LLC lifted its position in JD.com by 1.9% in the third quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock valued at $605,000 after purchasing an additional 321 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of JD.com by 3.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 8,876 shares of the information services provider’s stock valued at $290,000 after buying an additional 324 shares during the period. Aaron Wealth Advisors LLC boosted its stake in shares of JD.com by 6.0% in the third quarter. Aaron Wealth Advisors LLC now owns 6,630 shares of the information services provider’s stock valued at $232,000 after buying an additional 374 shares in the last quarter. Assetmark Inc. boosted its stake in shares of JD.com by 62.0% in the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after buying an additional 399 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in JD.com by 1.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 28,760 shares of the information services provider’s stock worth $1,006,000 after acquiring an additional 400 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of JD opened at $26.53 on Friday. JD.com, Inc. has a 12-month low of $26.40 and a 12-month high of $46.44. The stock has a market cap of $38.01 billion, a P/E ratio of 9.02, a PEG ratio of 5.68 and a beta of 0.41. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $28.61 and a two-hundred day moving average of $30.82.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of JD.com from $28.00 to $24.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 14th. Arete Research set a $32.00 price objective on shares of JD.com in a research note on Tuesday, December 9th. Benchmark lowered their target price on shares of JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Susquehanna reaffirmed a “neutral” rating on shares of JD.com in a report on Monday, November 24th. Finally, Nomura decreased their price target on JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.46.

JD.com Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.