Channing Global Advisors LLC Cuts Stake in JD.com, Inc. (NASDAQ:JD)

Channing Global Advisors LLC reduced its stake in shares of JD.com, Inc. (NASDAQ:JD) by 27.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,415 shares of the information services provider’s stock after selling 5,203 shares during the period. Channing Global Advisors LLC’s holdings in JD.com were worth $465,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Richardson Financial Services Inc. purchased a new position in JD.com in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new position in JD.com in the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC raised its holdings in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after buying an additional 417 shares during the period. Modus Advisors LLC purchased a new position in JD.com in the fourth quarter valued at approximately $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in JD.com in the third quarter valued at approximately $49,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Performance

JD.com stock opened at $40.80 on Wednesday. The company has a market cap of $64.35 billion, a PE ratio of 12.91, a P/E/G ratio of 0.30 and a beta of 0.40. The company has a fifty day moving average price of $37.49 and a two-hundred day moving average price of $34.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 12 month low of $21.18 and a 12 month high of $47.82.

Analysts Set New Price Targets

Several research firms recently commented on JD. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Citigroup lowered their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Finally, Barclays increased their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus 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.