Oppenheimer & Co. Inc. reduced its position in JD.Com Inc (NASDAQ:JD) by 15.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 42,031 shares of the information services provider’s stock after selling 7,731 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in JD.Com were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. NEXT Financial Group Inc acquired a new position in JD.Com during the second quarter worth $25,000. CWM LLC acquired a new position in JD.Com during the second quarter worth $26,000. Ropes Wealth Advisors LLC acquired a new position in JD.Com during the second quarter worth $30,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in JD.Com during the first quarter worth $51,000. Finally, Synovus Financial Corp raised its position in JD.Com by 50.5% during the first quarter. Synovus Financial Corp now owns 2,146 shares of the information services provider’s stock worth $64,000 after acquiring an additional 720 shares during the period. Hedge funds and other institutional investors own 47.99% of the company’s stock.
Shares of NASDAQ JD traded up $0.24 during mid-day trading on Friday, reaching $31.08. The company’s stock had a trading volume of 5,626,420 shares, compared to its average volume of 15,128,094. The stock has a 50-day moving average of $29.85 and a two-hundred day moving average of $29.00. The stock has a market capitalization of $37.13 billion, a P/E ratio of -1,036.00 and a beta of 1.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 0.91. JD.Com Inc has a 1-year low of $19.21 and a 1-year high of $32.38.
A number of equities analysts have weighed in on JD shares. Nomura upgraded shares of JD.Com from a “neutral” rating to a “buy” rating and set a $29.81 price objective for the company in a research report on Wednesday, May 15th. Mizuho upped their price objective on shares of JD.Com from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. BidaskClub upgraded shares of JD.Com from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. Loop Capital started coverage on shares of JD.Com in a research report on Monday, June 3rd. They set a “buy” rating for the company. Finally, CICC Research upgraded shares of JD.Com from a “hold” rating to a “buy” rating and set a $27.66 price objective for the company in a research report on Monday, May 13th. Ten investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.97.
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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