JD.com Inc. (JD) Shares Sold by Ameriprise Financial Inc.

JD.com Inc. (JD) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its stake in shares of JD.com Inc. (NASDAQ:JD) by 11.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,511,497 shares of the company’s stock after selling 197,166 shares during the period. Ameriprise Financial Inc.’s holdings in JD.com were worth $39,435,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nippon Life Insurance Co. raised its position in shares of JD.com by 38.7% in the third quarter. Nippon Life Insurance Co. now owns 4,197 shares of the company’s stock valued at $109,000 after buying an additional 1,170 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of JD.com during the second quarter valued at approximately $103,000. Shinko Asset Management Co. Ltd. raised its position in shares of JD.com by 200.0% in the third quarter. Shinko Asset Management Co. Ltd. now owns 6,000 shares of the company’s stock valued at $157,000 after buying an additional 4,000 shares in the last quarter. KBC Group NV raised its position in shares of JD.com by 3.4% in the second quarter. KBC Group NV now owns 8,016 shares of the company’s stock valued at $170,000 after buying an additional 264 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of JD.com by 1,141.1% in the third quarter. Tower Research Capital LLC TRC now owns 8,700 shares of the company’s stock valued at $227,000 after buying an additional 7,999 shares in the last quarter. Institutional investors own 49.78% of the company’s stock.

Shares of JD.com Inc. (NASDAQ:JD) traded up 0.12% on Wednesday, reaching $25.96. The company had a trading volume of 426,235 shares. The company’s 50-day moving average price is $25.92 and its 200 day moving average price is $24.62. The firm’s market capitalization is $31911.72 billion. JD.com Inc. has a 52 week low of $19.51 and a 52 week high of $32.71.

A number of equities research analysts recently weighed in on JD shares. Vetr raised JD.com from a “hold” rating to a “buy” rating and set a $26.50 price objective on the stock in a research report on Wednesday, August 31st. Stifel Nicolaus started coverage on JD.com in a research report on Thursday, October 13th. They set a “buy” rating and a $34.00 price objective on the stock. SunTrust Banks Inc. raised their price objective on JD.com from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, October 10th. Brean Capital reaffirmed a “buy” rating on shares of JD.com in a research report on Tuesday, December 13th. Finally, Evercore ISI started coverage on JD.com in a research report on Tuesday, December 20th. They set a “buy” rating and a $33.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $29.69.

JD.com Company 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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