Investment House LLC trimmed its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 88.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,600 shares of the information services provider’s stock after selling 27,680 shares during the period. Investment House LLC’s holdings in JD.com were worth $316,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank boosted its stake in shares of JD.com by 880.2% during the 3rd quarter. Toronto Dominion Bank now owns 20,682 shares of the information services provider’s stock worth $1,605,000 after buying an additional 18,572 shares during the last quarter. American International Group Inc. boosted its stake in shares of JD.com by 2.6% during the 3rd quarter. American International Group Inc. now owns 66,606 shares of the information services provider’s stock worth $5,169,000 after buying an additional 1,664 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of JD.com during the 3rd quarter worth about $526,000. US Bancorp DE boosted its stake in shares of JD.com by 19.8% during the 3rd quarter. US Bancorp DE now owns 30,698 shares of the information services provider’s stock worth $2,383,000 after buying an additional 5,071 shares during the last quarter. Finally, FNY Investment Advisers LLC raised its holdings in shares of JD.com by 361.8% in the 3rd quarter. FNY Investment Advisers LLC now owns 29,233 shares of the information services provider’s stock valued at $2,268,000 after purchasing an additional 22,903 shares during the period. Institutional investors own 40.15% of the company’s stock.
Shares of NASDAQ:JD opened at $90.44 on Thursday. The company’s 50 day moving average price is $85.69 and its two-hundred day moving average price is $77.17. JD.com, Inc. has a 12-month low of $32.70 and a 12-month high of $96.20. The firm has a market cap of $131.94 billion, a PE ratio of 34.52, a PEG ratio of 1.27 and a beta of 0.91. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.08.
A number of brokerages have recently issued reports on JD. Loop Capital upped their target price on shares of JD.com from $99.00 to $105.00 in a report on Wednesday, December 9th. Stifel Nicolaus raised shares of JD.com from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Tuesday, January 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on shares of JD.com from $104.00 to $107.00 in a report on Tuesday, November 17th. BidaskClub raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 14th. Finally, Smith Barney Citigroup upped their target price on shares of JD.com from $104.00 to $107.00 in a report on Tuesday, November 17th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. JD.com presently has a consensus rating of “Buy” and an average target price of $78.24.
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
Further Reading: Initial Public Offering (IPO)
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