Larson Financial Group LLC Trims Holdings in JD.com, Inc. (NASDAQ:JD)

Larson Financial Group LLC lessened its stake in JD.com, Inc. (NASDAQ:JD) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,665 shares of the information services provider’s stock after selling 292 shares during the period. Larson Financial Group LLC’s holdings in JD.com were worth $452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its stake in JD.com by 1.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 13,642 shares of the information services provider’s stock valued at $1,089,000 after buying an additional 176 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of JD.com during the 2nd quarter valued at approximately $1,617,000. Nicholas Hoffman & Company LLC. bought a new position in JD.com during the second quarter worth $239,000. Mid Atlantic Financial Management Inc. ADV acquired a new position in JD.com in the second quarter worth $202,000. Finally, Van ECK Associates Corp increased its stake in JD.com by 55.4% during the second quarter. Van ECK Associates Corp now owns 174,534 shares of the information services provider’s stock valued at $13,929,000 after purchasing an additional 62,214 shares during the last quarter. 37.10% of the stock is currently owned by hedge funds and other institutional investors.

JD has been the topic of several research reports. HSBC dropped their price objective on shares of JD.com from $98.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, May 20th. Mizuho lowered their price objective on JD.com from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, August 24th. Zacks Investment Research cut JD.com from a “hold” rating to a “sell” rating in a research note on Friday, July 23rd. Stifel Nicolaus upped their price target on shares of JD.com from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Susquehanna Bancshares cut their price objective on shares of JD.com from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, May 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, JD.com has a consensus rating of “Buy” and a consensus target price of $100.70.

Shares of NASDAQ:JD traded down $2.20 during trading hours on Wednesday, hitting $75.70. 266,701 shares of the company’s stock traded hands, compared to its average volume of 11,666,381. The company’s fifty day simple moving average is $73.43 and its two-hundred day simple moving average is $76.50. The company has a market cap of $101.40 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 3.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.12 and a current ratio of 1.45. JD.com, Inc. has a 52 week low of $61.65 and a 52 week high of $108.29.

JD.com (NASDAQ:JD) last issued its earnings results on Sunday, August 22nd. The information services provider reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $2.58. The firm had revenue of $253.80 billion during the quarter, compared to analysts’ expectations of $247.94 billion. JD.com had a net margin of 4.23% and a return on equity of 4.95%. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period last year, the firm posted $3.51 earnings per share. On average, analysts anticipate that JD.com, Inc. will post 0.77 EPS for the current fiscal year.

JD.com Profile

JD.com, Inc is a technology driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. The company operates through the JD Retail and New Businesses segments. The JD Retail segment offers online retail, online marketplace, and marketing services.

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

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