Meitav Dash Investments Ltd. Sells 5,026 Shares of JD.com, Inc. (NASDAQ:JD)

Meitav Dash Investments Ltd. cut its stake in JD.com, Inc. (NASDAQ:JDGet Rating) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,904 shares of the information services provider’s stock after selling 5,026 shares during the period. Meitav Dash Investments Ltd.’s holdings in JD.com were worth $9,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of JD. Wetherby Asset Management Inc. raised its stake in shares of JD.com by 0.9% during the fourth quarter. Wetherby Asset Management Inc. now owns 20,317 shares of the information services provider’s stock worth $1,424,000 after buying an additional 175 shares during the last quarter. Bellecapital International Ltd. raised its stake in shares of JD.com by 0.9% during the first quarter. Bellecapital International Ltd. now owns 20,936 shares of the information services provider’s stock worth $1,212,000 after buying an additional 196 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of JD.com by 2.5% during the fourth quarter. Pinnacle Associates Ltd. now owns 8,135 shares of the information services provider’s stock worth $570,000 after buying an additional 200 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of JD.com by 4.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 5,701 shares of the information services provider’s stock worth $399,000 after buying an additional 233 shares during the last quarter. Finally, Prospera Financial Services Inc grew its holdings in JD.com by 5.1% during the first quarter. Prospera Financial Services Inc now owns 5,062 shares of the information services provider’s stock valued at $293,000 after purchasing an additional 245 shares during the period. 31.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on JD shares. CLSA decreased their price objective on shares of JD.com from $108.00 to $100.00 in a report on Wednesday, April 13th. Susquehanna Bancshares reduced their price target on shares of JD.com from $66.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Benchmark reduced their price target on shares of JD.com from $117.00 to $106.00 and set a “na” rating for the company in a report on Wednesday, May 18th. StockNews.com upgraded shares of JD.com from a “sell” rating to a “hold” rating in a report on Thursday, May 26th. Finally, JPMorgan Chase & Co. upgraded shares of JD.com from an “underweight” rating to a “neutral” rating and upped their price target for the company from $40.00 to $58.00 in a report on Monday, May 16th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.57.

JD.com Trading Down 2.3 %

JD stock opened at $61.91 on Friday. The company has a market capitalization of $83.44 billion, a PE ratio of -60.70 and a beta of 0.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.01 and a current ratio of 1.32. JD.com, Inc. has a 52 week low of $41.56 and a 52 week high of $92.69. The company’s 50-day simple moving average is $61.90 and its 200 day simple moving average is $62.12.

JD.com (NASDAQ:JDGet Rating) last announced its quarterly earnings data on Tuesday, May 17th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.10. The firm had revenue of $239.66 billion for the quarter, compared to the consensus estimate of $235.73 billion. JD.com had a negative net margin of 1.03% and a positive return on equity of 3.95%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. As a group, sell-side analysts anticipate that JD.com, Inc. will post 1.34 earnings per share for the current year.

JD.com Announces Dividend

The business also recently declared a — dividend, which was paid on Tuesday, June 14th. Stockholders of record on Friday, May 20th were paid a $1.26 dividend. The ex-dividend date of this dividend was Thursday, May 19th.

About JD.com

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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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