JD.com, Inc. (NASDAQ:JD) Shares Sold by Leuthold Group LLC

Leuthold Group LLC cut its stake in shares of JD.com, Inc. (NASDAQ:JD) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,616 shares of the information services provider’s stock after selling 283 shares during the quarter. Leuthold Group LLC’s holdings in JD.com were worth $507,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. purchased a new position in JD.com in the fourth quarter worth $27,000. Brooklyn Investment Group purchased a new stake in JD.com during the 4th quarter worth about $34,000. Nisa Investment Advisors LLC increased its position in JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares in the last quarter. Modus Advisors LLC purchased a new stake in JD.com during the 4th quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in JD.com during the 3rd quarter worth about $49,000. 15.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on JD shares. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Citigroup lowered their price target on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $46.00 in a report on Monday, December 9th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Up 3.0 %

NASDAQ JD opened at $42.42 on Friday. The stock has a market cap of $66.90 billion, a PE ratio of 13.42, a P/E/G ratio of 0.31 and a beta of 0.40. JD.com, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $47.82. The business has a 50 day moving average price of $37.89 and a two-hundred day moving average price of $35.75. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

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.