JD.com, Inc. (NASDAQ:JD) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC reduced its holdings in JD.com, Inc. (NASDAQ:JD) by 11.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,175 shares of the information services provider’s stock after selling 2,382 shares during the quarter. 180 Wealth Advisors LLC’s holdings in JD.com were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its holdings in JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC purchased a new position in JD.com in the first quarter valued at approximately $58,000. CWM LLC lifted its position in JD.com by 69.3% during the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock valued at $85,000 after buying an additional 1,208 shares in the last quarter. Parallel Advisors LLC grew its stake in JD.com by 20.1% during the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after buying an additional 686 shares during the period. Finally, Advisors Preferred LLC acquired a new stake in shares of JD.com in the first quarter worth $126,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein lifted their target price on shares of JD.com from $28.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, May 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $27.00 target price on shares of JD.com in a research report on Thursday, April 18th. Bank of America boosted their price target on JD.com from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Mizuho raised their price target on shares of JD.com from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Barclays lowered their price objective on JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.13.

JD.com Stock Performance

NASDAQ:JD traded up $1.10 during mid-day trading on Thursday, hitting $27.00. The stock had a trading volume of 20,722,205 shares, compared to its average volume of 12,811,964. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $27.10 and a 200-day simple moving average of $27.14. The stock has a market capitalization of $42.58 billion, a price-to-earnings ratio of 12.63 and a beta of 0.39. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $35.82.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. JD.com had a return on equity of 11.43% and a net margin of 2.26%. The company had revenue of $36.02 billion for the quarter, compared to analysts’ expectations of $35.75 billion. On average, research analysts expect that JD.com, Inc. will post 3.15 earnings per share for the current fiscal year.

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.