JD.com, Inc. (NASDAQ:JD) Position Cut by Meitav Investment House Ltd.

Meitav Investment House Ltd. lowered its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 96.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,116 shares of the information services provider’s stock after selling 226,055 shares during the period. Meitav Investment House Ltd.’s holdings in JD.com were worth $316,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of JD.com by 1.7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock valued at $561,000 after acquiring an additional 265 shares during the period. Nisa Investment Advisors LLC boosted its stake in JD.com by 71.5% during the 4th 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 in the last quarter. Huntington National Bank increased its position in shares of 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 purchasing an additional 452 shares during the period. SRN Advisors LLC raised its stake in shares of JD.com by 1.6% in the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock worth $1,288,000 after buying an additional 516 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of 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 valued at $3,487,000 after buying an additional 597 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Ratings Changes

JD has been the topic of a number of research analyst reports. Dbs Bank raised JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and increased their target price for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Citigroup decreased their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Up 5.1 %

NASDAQ:JD opened at $41.20 on Friday. The business’s fifty day moving average price is $37.78 and its 200 day moving average price is $35.55. The firm has a market capitalization of $64.97 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 0.29 and a beta of 0.40. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 1-year low of $21.18 and a 1-year high of $47.82.

About JD.com

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.