The Home Depot, Inc. (NYSE:HD) Shares Sold by ING Groep NV

ING Groep NV lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 41.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,688 shares of the home improvement retailer's stock after selling 134,069 shares during the quarter. ING Groep NV's holdings in Home Depot were worth $73,787,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HD. International Assets Investment Management LLC raised its position in shares of Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock valued at $35,575,880,000 after buying an additional 8,762,735 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Home Depot during the 3rd quarter valued at about $336,231,000. FMR LLC grew its holdings in Home Depot by 10.1% during the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock valued at $3,516,827,000 after purchasing an additional 795,438 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Home Depot by 295.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer's stock valued at $280,932,000 after purchasing an additional 518,054 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in Home Depot by 37,025.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 480,780 shares of the home improvement retailer's stock valued at $187,019,000 after purchasing an additional 479,485 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on HD. Mizuho upped their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Barclays upped their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. TD Cowen upped their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $433.44.

Home Depot Stock Performance

HD stock traded down $9.82 during midday trading on Friday, hitting $384.82. 5,284,208 shares of the stock traded hands, compared to its average volume of 3,076,670. The firm has a market cap of $382.26 billion, a P/E ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock's fifty day simple moving average is $402.77 and its 200-day simple moving average is $397.00. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.