Quadrant Private Wealth Management LLC Sells 500 Shares of JD.com, Inc. (NASDAQ:JD)

Quadrant Private Wealth Management LLC lowered its position in JD.com, Inc. (NASDAQ:JD) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,863 shares of the information services provider’s stock after selling 500 shares during the period. Quadrant Private Wealth Management LLC’s holdings in JD.com were worth $1,070,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JD. Two Sigma Advisers LP increased its position in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after buying an additional 4,839,700 shares during the last quarter. FMR LLC increased its position in JD.com by 41.0% in the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after buying an additional 4,445,277 shares during the last quarter. National Bank of Canada FI increased its position in JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of JD.com by 117.1% in the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after acquiring an additional 2,175,568 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of JD.com in the third quarter worth $73,311,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Citigroup dropped their price objective 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. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Up 4.5 %

JD opened at $41.38 on Friday. The company has a market cap of $65.26 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.30 and a beta of 0.40. The business’s 50-day moving average price is $37.63 and its 200-day moving average price is $35.05. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 12 month low of $21.18 and a 12 month high of $47.82.

About JD.com

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.