Banco BTG Pactual S.A. trimmed its position in JD.Com Inc (NASDAQ:JD) by 47.8% in the first quarter, HoldingsChannel reports. The firm owned 5,342 shares of the information services provider’s stock after selling 4,895 shares during the quarter. Banco BTG Pactual S.A.’s holdings in JD.Com were worth $216,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp grew its position in JD.Com by 4.5% in the 1st quarter. State Street Corp now owns 17,965,769 shares of the information services provider’s stock worth $727,614,000 after purchasing an additional 766,111 shares in the last quarter. Norges Bank bought a new position in shares of JD.Com during the 4th quarter valued at approximately $390,517,000. Acadian Asset Management LLC grew its position in shares of JD.Com by 50.3% during the 4th quarter. Acadian Asset Management LLC now owns 8,764,265 shares of the information services provider’s stock valued at $308,768,000 after acquiring an additional 2,934,142 shares during the period. Baillie Gifford & Co. grew its position in shares of JD.Com by 27.9% during the 1st quarter. Baillie Gifford & Co. now owns 6,396,323 shares of the information services provider’s stock valued at $259,051,000 after acquiring an additional 1,395,231 shares during the period. Finally, Credit Suisse AG grew its position in shares of JD.Com by 41.8% during the 4th quarter. Credit Suisse AG now owns 5,175,261 shares of the information services provider’s stock valued at $182,324,000 after acquiring an additional 1,526,106 shares during the period. 42.16% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:JD traded up $1.25 during trading on Wednesday, reaching $56.87. The company had a trading volume of 11,081,418 shares, compared to its average volume of 18,123,542. The company has a fifty day moving average of $47.54 and a two-hundred day moving average of $40.33. The stock has a market capitalization of $81.14 billion, a P/E ratio of 99.32, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97. JD.Com Inc has a 12 month low of $25.50 and a 12 month high of $56.50. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 0.20.

JD.Com (NASDAQ:JD) last issued its quarterly earnings results on Friday, May 15th. The information services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.34. The firm had revenue of $20.65 billion for the quarter, compared to analyst estimates of $19.17 billion. JD.Com had a net margin of 0.99% and a return on equity of 8.19%. As a group, equities research analysts predict that JD.Com Inc will post 0.85 earnings per share for the current year.

JD has been the topic of a number of recent research reports. Bank of America restated a “buy” rating and set a $60.00 price target (up from $51.00) on shares of JD.Com in a research note on Monday, May 18th. BidaskClub cut shares of JD.Com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. Mizuho upgraded shares of JD.Com from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $58.00 in a research note on Wednesday, May 13th. Morgan Stanley cut shares of JD.Com from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 15th. Finally, HSBC upped their price target on shares of JD.Com from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Five equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. JD.Com presently has an average rating of “Buy” and an average target price of $52.93.

JD.Com Profile

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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