Flax Pond Capital LLC Sells 41,550 Shares of JD.com, Inc. $JD

Flax Pond Capital LLC cut its holdings in JD.com, Inc. (NASDAQ:JD) by 49.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,392 shares of the information services provider’s stock after selling 41,550 shares during the quarter. Flax Pond Capital LLC’s holdings in JD.com were worth $1,254,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. NFJ Investment Group LLC boosted its position in JD.com by 61.8% during the fourth quarter. NFJ Investment Group LLC now owns 699,518 shares of the information services provider’s stock worth $20,076,000 after purchasing an additional 267,159 shares during the period. Monaco Asset Management SAM increased its position in shares of JD.com by 60.0% during the fourth quarter. Monaco Asset Management SAM now owns 160,000 shares of the information services provider’s stock valued at $4,592,000 after buying an additional 60,000 shares during the period. Legal & General Group Plc lifted its stake in JD.com by 4.7% in the 4th quarter. Legal & General Group Plc now owns 1,545,460 shares of the information services provider’s stock worth $44,346,000 after purchasing an additional 70,062 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of JD.com by 381.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 83,093 shares of the information services provider’s stock worth $2,385,000 after purchasing an additional 65,829 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in JD.com by 11.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,441,095 shares of the information services provider’s stock worth $127,459,000 after acquiring an additional 463,033 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

NASDAQ:JD opened at $32.31 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $28.59 and its 200 day simple moving average is $28.86. The stock has a market cap of $40.33 billion, a P/E ratio of 25.24 and a beta of 0.40. JD.com, Inc. has a twelve month low of $24.51 and a twelve month high of $36.86.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The business had revenue of $45.79 billion during the quarter. As a group, research analysts predict that JD.com, Inc. will post 2.78 EPS for the current year.

Wall Street Analysts Forecast Growth

JD has been the topic of several research reports. Benchmark raised their price objective on shares of JD.com from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Susquehanna lifted their price target on JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Morgan Stanley upped their price objective on shares of JD.com from $25.00 to $27.00 and gave the company an “underweight” rating in a research note on Wednesday, May 13th. Sanford C. Bernstein boosted their price target on JD.com from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Barclays lowered their price target on JD.com from $43.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, JD.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.42.

JD.com Company 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.