Crossmark Global Holdings Inc. Increases Stock Position in JD.com, Inc. (NASDAQ:JD)

Crossmark Global Holdings Inc. lifted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,589 shares of the information services provider’s stock after purchasing an additional 597 shares during the period. Crossmark Global Holdings Inc.’s holdings in JD.com were worth $3,487,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new stake in shares of JD.com during the fourth quarter worth about $34,000. Modus Advisors LLC acquired a new position in JD.com in the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB purchased a new position in shares of JD.com during the 3rd quarter worth $49,000. Trium Capital LLP acquired a new stake in shares of JD.com during the fourth quarter worth $62,000. Finally, Huntington National Bank increased its stake in JD.com by 32.1% in the third 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 last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on JD shares. Citigroup lowered their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Barclays raised their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Price Performance

Shares of NASDAQ JD opened at $39.12 on Thursday. JD.com, Inc. has a 1-year low of $21.18 and a 1-year high of $47.82. The firm has a market capitalization of $61.70 billion, a PE ratio of 12.38, a P/E/G ratio of 0.29 and a beta of 0.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The business’s fifty day moving average price is $36.06 and its two-hundred day moving average price is $33.54.

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.