Nomura Asset Management Co. Ltd. Has $5.99 Million Holdings in JD.com, Inc. (JD)

Nomura Asset Management Co. Ltd. trimmed its position in shares of JD.com, Inc. (NASDAQ:JD) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 156,694 shares of the information services provider’s stock after selling 27,880 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in JD.com were worth $5,986,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JD. Bessemer Group Inc. purchased a new position in shares of JD.com in the 3rd quarter valued at approximately $101,000. Highstreet Asset Management Inc. purchased a new position in shares of JD.com in the 2nd quarter valued at approximately $127,000. Advisor Group Inc. raised its position in shares of JD.com by 253.0% in the 3rd quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock valued at $154,000 after purchasing an additional 2,907 shares during the last quarter. IFP Advisors Inc raised its position in shares of JD.com by 585.2% in the 2nd quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after purchasing an additional 4,184 shares during the last quarter. Finally, Suntrust Banks Inc. purchased a new position in shares of JD.com in the 2nd quarter valued at approximately $207,000. 44.99% of the stock is owned by institutional investors and hedge funds.

JD.com, Inc. (JD) opened at $38.13 on Friday. JD.com, Inc. has a fifty-two week low of $25.25 and a fifty-two week high of $48.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.12 and a quick ratio of 0.79. The firm has a market cap of $54,080.00, a P/E ratio of 1,865.00 and a beta of 1.37.

Several equities analysts recently commented on JD shares. UBS reaffirmed a “neutral” rating and issued a $41.00 price objective on shares of JD.com in a research report on Monday, August 14th. BidaskClub lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. J P Morgan Chase & Co increased their price objective on shares of JD.com to $55.00 and gave the company a “positive” rating in a research report on Tuesday, August 15th. Instinet reaffirmed a “buy” rating and issued a $55.00 price objective (up from $46.00) on shares of JD.com in a research report on Tuesday, August 15th. Finally, reaffirmed a “buy” rating and issued a $49.00 price objective on shares of JD.com in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $45.50.

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JD.com Profile

JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.

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

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