TT International Asset Management LTD Sells 236,626 Shares of JD.com, Inc. (NASDAQ:JD)

TT International Asset Management LTD reduced its stake in shares of JD.com, Inc. (NASDAQ:JD) by 60.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,913 shares of the information services provider’s stock after selling 236,626 shares during the quarter. JD.com comprises approximately 0.8% of TT International Asset Management LTD’s holdings, making the stock its 16th largest position. TT International Asset Management LTD’s holdings in JD.com were worth $5,405,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Huntington National Bank grew its holdings in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after buying an additional 452 shares in the last quarter. SRN Advisors LLC grew its holdings in shares of JD.com by 1.6% in the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock valued at $1,288,000 after purchasing an additional 516 shares in the last quarter. Douglass Winthrop Advisors LLC grew its holdings in shares of JD.com by 4.0% in the third quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock valued at $849,000 after purchasing an additional 820 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of JD.com by 3.1% in the third quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock valued at $1,172,000 after purchasing an additional 889 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in shares of JD.com by 5.7% in the third quarter. Atomi Financial Group Inc. now owns 17,725 shares of the information services provider’s stock valued at $709,000 after purchasing an additional 952 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Down 4.7 %

NASDAQ:JD opened at $33.10 on Monday. 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 stock has a fifty day simple moving average of $36.42 and a 200-day simple moving average of $33.04. The company has a market cap of $52.20 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $47.82.

Analyst Upgrades and Downgrades

JD has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays raised their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Finally, Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Company 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.