Bristlecone Advisors LLC Sells 670 Shares of JD.com, Inc. (NASDAQ:JD)

Bristlecone Advisors LLC lowered its stake in shares of JD.com, Inc. (NASDAQ:JD) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,879 shares of the information services provider’s stock after selling 670 shares during the quarter. Bristlecone Advisors LLC’s holdings in JD.com were worth $229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Avitas Wealth Management LLC boosted its position in shares of JD.com by 1.5% during the first quarter. Avitas Wealth Management LLC now owns 39,966 shares of the information services provider’s stock valued at $1,095,000 after buying an additional 579 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of JD.com by 12.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 5,381 shares of the information services provider’s stock worth $155,000 after purchasing an additional 602 shares during the last quarter. abrdn plc increased its stake in JD.com by 1.2% in the 4th quarter. abrdn plc now owns 53,544 shares of the information services provider’s stock worth $1,547,000 after buying an additional 659 shares during the period. Parallel Advisors LLC boosted its position in JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after buying an additional 686 shares during the period. Finally, Solstein Capital LLC grew its stake in JD.com by 10.0% in the 1st quarter. Solstein Capital LLC now owns 7,704 shares of the information services provider’s stock worth $211,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

NASDAQ JD traded down $0.93 during mid-day trading on Monday, reaching $25.90. 20,692,191 shares of the stock were exchanged, compared to its average volume of 13,588,515. The company has a market capitalization of $40.85 billion, a P/E ratio of 11.81 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.88 and a current ratio of 1.15. The business’s 50 day moving average is $26.88 and its 200-day moving average is $27.41. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $35.69.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. The company had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 11.43% and a net margin of 2.26%. JD.com’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share. On average, equities research analysts forecast that JD.com, Inc. will post 3.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JD has been the subject of several recent research reports. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 17th. Benchmark reduced their price target on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Barclays cut their target price on JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Sanford C. Bernstein reduced their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Finally, Mizuho raised their price target on shares of JD.com from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.93.

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.