Fisher Asset Management LLC Sells 8,802 Shares of JD.com, Inc. (NASDAQ:JD)

Fisher Asset Management LLC trimmed its position in shares of JD.com, Inc. (NASDAQ:JD) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,063,797 shares of the information services provider’s stock after selling 8,802 shares during the period. Fisher Asset Management LLC owned approximately 0.26% of JD.com worth $140,892,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of JD.com by 58.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 1,102 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in JD.com by 18.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,688 shares of the information services provider’s stock worth $468,000 after purchasing an additional 1,830 shares during the period. First Trust Direct Indexing L.P. acquired a new stake in shares of JD.com during the third quarter worth $234,000. US Bancorp DE raised its holdings in shares of JD.com by 211.6% during the third quarter. US Bancorp DE now owns 118,153 shares of the information services provider’s stock worth $4,726,000 after acquiring an additional 80,235 shares during the period. Finally, Van ECK Associates Corp increased its stake in JD.com by 47.8% in the 3rd quarter. Van ECK Associates Corp now owns 326,904 shares of the information services provider’s stock valued at $13,076,000 after buying an additional 105,674 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on JD shares. Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Barclays boosted their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $46.00 in a report on Monday, December 9th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Citigroup lowered their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, JD.com has an average rating of “Moderate Buy” and an average price target of $41.71.

JD.com Trading Down 1.5 %

NASDAQ:JD opened at $41.90 on Friday. The company has a fifty day moving average of $38.37 and a 200 day moving average of $36.28. JD.com, Inc. has a 52 week low of $21.18 and a 52 week high of $47.82. 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 firm has a market capitalization of $66.08 billion, a P/E ratio of 13.26, a P/E/G ratio of 0.31 and a beta of 0.40.

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.