JD.com, Inc. (NASDAQ:JD) Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. cut its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 96.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,116 shares of the information services provider's stock after selling 226,055 shares during the quarter. Meitav Investment House Ltd.'s holdings in JD.com were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Richardson Financial Services Inc. purchased a new position in shares of JD.com in the fourth quarter worth $27,000. Brooklyn Investment Group bought a new position in JD.com during the fourth quarter valued at $34,000. Nisa Investment Advisors LLC boosted its stake in shares of JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after purchasing an additional 417 shares during the period. Modus Advisors LLC purchased a new stake in shares of JD.com during the fourth quarter valued at $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com during the third quarter valued at $49,000. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Up 3.0 %

Shares of JD traded up $1.23 during mid-day trading on Friday, hitting $42.42. 22,941,218 shares of the company traded hands, compared to its average volume of 11,761,598. JD.com, Inc. has a 1-year low of $21.18 and a 1-year high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $66.90 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.29 and a beta of 0.40. The business has a 50 day moving average of $37.78 and a 200 day moving average of $35.55.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on JD shares. Citigroup lowered their price objective on shares of JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Benchmark reaffirmed a "buy" rating and issued a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Sanford C. Bernstein raised shares of JD.com from a "market perform" rating to an "outperform" rating and increased their price target for the company from $43.00 to $46.00 in a research report on Monday, December 9th. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Dbs Bank raised shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, JD.com currently has a consensus rating of "Moderate Buy" and an average price target of $41.36.

JD.com 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.