Raymond James & Associates Sells 5,596 Shares of JD.Com Inc (NASDAQ:JD)

Raymond James & Associates cut its position in JD.Com Inc (NASDAQ:JD) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,697 shares of the information services provider’s stock after selling 5,596 shares during the quarter. Raymond James & Associates’ holdings in JD.Com were worth $2,915,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JD. Canal Capital Management LLC lifted its holdings in shares of JD.Com by 1.6% in the 1st quarter. Canal Capital Management LLC now owns 21,789 shares of the information services provider’s stock valued at $657,000 after buying an additional 335 shares during the period. American International Group Inc. lifted its holdings in shares of JD.Com by 0.6% in the 1st quarter. American International Group Inc. now owns 67,486 shares of the information services provider’s stock valued at $2,035,000 after buying an additional 374 shares during the period. Stokes & Hubbell Capital Management LLC increased its stake in JD.Com by 2.8% in the 1st quarter. Stokes & Hubbell Capital Management LLC now owns 23,130 shares of the information services provider’s stock valued at $697,000 after purchasing an additional 625 shares in the last quarter. Parallel Advisors LLC increased its stake in JD.Com by 24.4% in the 1st quarter. Parallel Advisors LLC now owns 3,582 shares of the information services provider’s stock valued at $108,000 after purchasing an additional 702 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its stake in JD.Com by 35.6% in the 4th quarter. Commonwealth Bank of Australia now owns 2,950 shares of the information services provider’s stock valued at $60,000 after purchasing an additional 774 shares in the last quarter. 48.54% of the stock is owned by hedge funds and other institutional investors.

Shares of JD traded up $0.90 during midday trading on Monday, reaching $31.19. 16,860,306 shares of the company were exchanged, compared to its average volume of 16,633,477. JD.Com Inc has a 1-year low of $19.21 and a 1-year high of $40.04. The stock has a market capitalization of $36.47 billion, a P/E ratio of -1,039.67 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.83. The company’s 50-day moving average is $27.95.

JD.Com (NASDAQ:JD) last announced its quarterly earnings data on Friday, May 10th. The information services provider reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.15. The firm had revenue of $121.08 billion during the quarter, compared to analyst estimates of $120.01 billion. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. JD.Com’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. Analysts anticipate that JD.Com Inc will post 0.51 EPS for the current year.

Several research firms recently weighed in on JD. Morgan Stanley raised their price objective on JD.Com from $25.00 to $28.00 and gave the company an “in-line” rating in a research note on Monday, April 15th. BidaskClub downgraded JD.Com from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Zacks Investment Research downgraded JD.Com from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised JD.Com from a “neutral” rating to an “overweight” rating and set a $30.55 price target for the company in a research report on Tuesday, April 30th. Finally, TheStreet downgraded JD.Com from a “c-” rating to a “d+” rating in a research report on Monday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $31.00.

JD.Com Company Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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Institutional Ownership by Quarter for JD.Com (NASDAQ:JD)

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