Truist Financial Corp Reduces Holdings in JD.com, Inc. (NASDAQ:JD)

Truist Financial Corp decreased its holdings in shares of JD.com, Inc. (NASDAQ:JDGet Rating) by 44.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 17,512 shares of the information services provider’s stock after selling 14,147 shares during the period. Truist Financial Corp’s holdings in JD.com were worth $881,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Scotia Capital Inc. purchased a new stake in JD.com in the second quarter valued at approximately $495,000. Quattro Financial Advisors LLC purchased a new stake in JD.com in the second quarter valued at approximately $321,000. Crossmark Global Holdings Inc. boosted its position in JD.com by 4.8% in the second quarter. Crossmark Global Holdings Inc. now owns 100,222 shares of the information services provider’s stock valued at $6,436,000 after buying an additional 4,630 shares during the last quarter. Stableford Capital II LLC purchased a new stake in JD.com in the second quarter valued at approximately $744,000. Finally, Prescott Group Capital Management L.L.C. purchased a new stake in JD.com in the second quarter valued at approximately $1,927,000. Hedge funds and other institutional investors own 17.71% of the company’s stock.

JD.com Trading Up 1.7 %

Shares of JD stock opened at $60.43 on Friday. The stock has a 50 day simple moving average of $57.76 and a 200-day simple moving average of $55.51. JD.com, Inc. has a 1-year low of $33.17 and a 1-year high of $78.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.30 and a quick ratio of 1.02. The company has a market cap of $82.53 billion, a price-to-earnings ratio of 671.52 and a beta of 0.48.

JD.com (NASDAQ:JDGet Rating) last posted its quarterly earnings data on Friday, November 18th. The information services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.52 by $0.21. JD.com had a return on equity of 6.64% and a net margin of 0.13%. The firm had revenue of $34.24 billion during the quarter, compared to the consensus estimate of $34.59 billion. On average, equities research analysts expect that JD.com, Inc. will post 1.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Mizuho dropped their target price on JD.com from $90.00 to $82.00 in a research report on Monday, November 14th. Citigroup boosted their price target on JD.com from $60.00 to $96.00 in a report on Friday, January 6th. Barclays boosted their price target on JD.com from $59.00 to $72.00 in a report on Monday, November 21st. StockNews.com assumed coverage on JD.com in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Morgan Stanley decreased their price target on JD.com from $80.00 to $55.00 in a report on Monday, October 31st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.92.

JD.com Company Profile

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JD.com, Inc provides supply chain-based technologies and services 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, books, automobile accessories, apparel and footwear, bags, and jewelry.

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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