Perpetual Ltd Sells 5,224 Shares of JD.com, Inc. (NASDAQ:JD)

Perpetual Ltd lessened its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 565,317 shares of the information services provider’s stock after selling 5,224 shares during the quarter. Perpetual Ltd’s holdings in JD.com were worth $19,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new position in shares of JD.com in the fourth quarter valued at approximately $34,000. Modus Advisors LLC bought a new stake in JD.com in the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB acquired a new position in JD.com in the 3rd quarter worth $49,000. Trium Capital LLP bought a new position in JD.com during the 4th quarter worth about $62,000. Finally, Huntington National Bank raised its stake in shares of JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares during the period. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Up 10.1 %

JD stock opened at $39.00 on Tuesday. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82. The business has a 50-day simple moving average of $36.02 and a 200 day simple moving average of $33.37. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a market cap of $61.51 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.29 and a beta of 0.39.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their target price for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $43.00 to $46.00 in a report on Monday, December 9th. JPMorgan Chase & Co. upped their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Citigroup decreased their price target on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.