JD.com, Inc. (NASDAQ:JD) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC trimmed its holdings in JD.com, Inc. (NASDAQ:JD) by 32.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,075 shares of the information services provider’s stock after selling 1,500 shares during the period. Wolverine Asset Management LLC’s holdings in JD.com were worth $107,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JD. Richardson Financial Services Inc. acquired a new position in shares of JD.com in the 4th quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in shares of JD.com in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC lifted its stake in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of JD.com in the 4th quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com in the 3rd quarter valued at about $49,000. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Price Performance

JD stock opened at $39.31 on Tuesday. 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 company has a market capitalization of $62.00 billion, a PE ratio of 12.44, a P/E/G ratio of 0.31 and a beta of 0.40. The stock’s 50 day moving average is $37.94 and its two-hundred day moving average is $35.91.

Analyst Ratings Changes

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

JD.com Company 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.