Coatue Management LLC Sells 5,106,768 Shares of JD.Com Inc (NASDAQ:JD)

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Coatue Management LLC trimmed its position in JD.Com Inc (NASDAQ:JD) by 52.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,645,790 shares of the information services provider’s stock after selling 5,106,768 shares during the period. JD.Com accounts for 2.5% of Coatue Management LLC’s investment portfolio, making the stock its 16th biggest position. Coatue Management LLC owned about 0.32% of JD.Com worth $279,583,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in JD.Com by 103.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 38,144 shares of the information services provider’s stock valued at $1,545,000 after purchasing an additional 19,412 shares during the period. Lincoln National Corp acquired a new position in shares of JD.Com during the first quarter worth $287,000. Public Employees Retirement Association of Colorado increased its holdings in shares of JD.Com by 13.3% during the first quarter. Public Employees Retirement Association of Colorado now owns 770,900 shares of the information services provider’s stock worth $31,221,000 after buying an additional 90,300 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of JD.Com during the first quarter worth $201,000. Finally, GWM Advisors LLC acquired a new position in shares of JD.Com during the first quarter worth $289,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

JD has been the topic of a number of research analyst reports. Bank of America raised shares of JD.Com to a “buy” rating and upped their price target for the company from $73.00 to $85.00 in a research report on Wednesday, August 19th. Benchmark upped their price target on shares of JD.Com from $66.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. BidaskClub raised shares of JD.Com from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Mizuho upped their price target on shares of JD.Com from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Finally, Zacks Investment Research raised shares of JD.Com from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $62.67.

Shares of JD.Com stock traded up $0.96 during trading on Friday, hitting $80.00. The stock had a trading volume of 21,436,109 shares, compared to its average volume of 15,173,042. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.88. The firm has a market cap of $116.71 billion, a P/E ratio of 40.20, a PEG ratio of 1.42 and a beta of 0.97. The business has a fifty day moving average of $67.67 and a two-hundred day moving average of $53.43. JD.Com Inc has a fifty-two week low of $27.47 and a fifty-two week high of $86.58.

JD.Com (NASDAQ:JD) last announced its quarterly earnings data on Monday, August 17th. The information services provider reported $3.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $3.23. The business had revenue of $201.10 billion during the quarter, compared to analyst estimates of $190.02 billion. JD.Com had a return on equity of 9.53% and a net margin of 3.34%. The company’s revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.30 earnings per share. As a group, research analysts forecast that JD.Com Inc will post 1.2 earnings per share for the current year.

About JD.Com

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

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