Sumitomo Mitsui Trust Group Inc. trimmed its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 85.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,844 shares of the information services provider's stock after selling 55,629 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in JD.com were worth $341,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings 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 last quarter. Huntington National Bank increased its position in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider's stock valued at $74,000 after buying an additional 452 shares in the last quarter. SRN Advisors LLC raised its stake in JD.com by 1.6% during the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider's stock valued at $1,288,000 after buying an additional 516 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in JD.com by 0.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock worth $3,487,000 after acquiring an additional 597 shares in the last quarter. Finally, Richardson Financial Services Inc. purchased a new stake in shares of JD.com in the fourth quarter worth $27,000. Institutional investors own 15.98% of the company's stock.
JD.com Stock Performance
Shares of JD.com stock traded up $0.26 during trading hours on Wednesday, reaching $39.17. 6,991,581 shares of the stock traded hands, compared to its average volume of 10,999,220. JD.com, Inc. has a one year low of $21.18 and a one year high of $47.82. The firm has a market capitalization of $61.77 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 0.31 and a beta of 0.40. 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 50 day moving average price of $37.70 and a 200 day moving average price of $35.49.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on JD shares. StockNews.com cut shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Sanford C. Bernstein upgraded shares of JD.com from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Citigroup reduced their price target on shares of JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a research report on Friday, November 15th. Benchmark reiterated a "buy" rating and set a $47.00 target price on shares of JD.com in a research note on Friday, November 15th. Finally, Dbs Bank raised JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Two investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.36.
Get Our Latest Report on JD.com
JD.com Profile
(
Free Report)
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.
Further Reading
Before you consider JD.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JD.com wasn't on the list.
While JD.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
