Capital Investment Counsel Inc Lowers Position in JD.com, Inc. (NASDAQ:JD)

Capital Investment Counsel Inc lessened its holdings in JD.com, Inc. (NASDAQ:JD) by 32.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,750 shares of the information services provider’s stock after selling 3,300 shares during the period. Capital Investment Counsel Inc’s holdings in JD.com were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in JD.com by 1.7% in 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 last quarter. Nisa Investment Advisors LLC increased its stake in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 417 shares during the last quarter. Huntington National Bank grew its stake in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after buying an additional 452 shares during the last quarter. SRN Advisors LLC grew its stake in shares of JD.com by 1.6% during the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock valued at $1,288,000 after buying an additional 516 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of JD.com by 0.6% during 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 last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

JD.com stock opened at $42.42 on Friday. The stock’s 50 day simple moving average is $37.89 and its two-hundred day simple moving average is $35.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a market cap of $66.90 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.29 and a beta of 0.40. JD.com, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $47.82.

Wall Street Analysts Forecast Growth

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

JD.com Company Profile

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.