Prescott Group Capital Management L.L.C. Cuts Position in JD.com, Inc. (NASDAQ:JD)

Prescott Group Capital Management L.L.C. lessened its position in JD.com, Inc. (NASDAQ:JD) by 79.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the information services provider’s stock after selling 77,416 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in JD.com were worth $693,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after acquiring an additional 4,445,277 shares during the last quarter. Two Sigma Advisers LP lifted its stake in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after purchasing an additional 4,839,700 shares during the last quarter. Fisher Asset Management LLC boosted its position in JD.com by 9.0% during the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock valued at $162,904,000 after buying an additional 336,740 shares during the period. Point72 Asset Management L.P. grew its stake in shares of JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after buying an additional 2,175,568 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. increased its holdings in shares of JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after buying an additional 200,200 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

JD has been the subject of several analyst reports. Dbs Bank upgraded JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Benchmark reissued a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Finally, Barclays boosted their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and an average target price of $41.71.

JD.com Stock Performance

JD.com stock opened at $43.92 on Friday. JD.com, Inc. has a fifty-two week low of $23.65 and a fifty-two week high of $47.82. The stock has a market cap of $69.27 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.31 and a beta of 0.43. The stock’s 50 day simple moving average is $38.84 and its two-hundred day simple moving average is $36.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

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.