Handelsbanken Fonder AB Sells 60,000 Shares of JD.com, Inc. (NASDAQ:JD)

Handelsbanken Fonder AB lowered its stake in shares of JD.com, Inc. (NASDAQ:JD) by 8.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 636,507 shares of the information services provider’s stock after selling 60,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in JD.com were worth $22,068,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Polunin Capital Partners Ltd grew its stake in JD.com by 27.8% in the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after purchasing an additional 447,264 shares during the period. Citigroup Inc. grew its stake in JD.com by 9.9% in the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after purchasing an additional 36,096 shares during the period. Maple Rock Capital Partners Inc. grew its stake in JD.com by 5.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after purchasing an additional 200,200 shares during the period. KBC Group NV grew its stake in JD.com by 213.4% in the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock valued at $12,343,000 after purchasing an additional 242,409 shares during the period. Finally, National Bank of Canada FI grew its stake in JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after purchasing an additional 2,211,095 shares during the period. Institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $46.00 in a research note on Monday, December 9th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Citigroup cut their price target 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. Finally, Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Stock Performance

Shares of JD opened at $42.42 on Friday. The stock’s 50-day simple moving average is $37.89 and its 200 day simple moving average is $35.67. The stock has a market capitalization of $66.90 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 0.29 and a beta of 0.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com, Inc. has a 52-week low of $21.18 and a 52-week 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.