Crossmark Global Holdings Inc. Has $4 Million Stake in JD.com, Inc. (NASDAQ:JD)

Crossmark Global Holdings Inc. decreased its position in shares of JD.com, Inc. (NASDAQ:JD) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 99,992 shares of the information services provider’s stock after selling 11,530 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in JD.com were worth $4,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after buying an additional 1,681 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of JD.com by 23.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 64,495 shares of the information services provider’s stock valued at $1,767,000 after acquiring an additional 12,241 shares during the period. Atomi Financial Group Inc. boosted its stake in JD.com by 9.2% during the first quarter. Atomi Financial Group Inc. now owns 10,982 shares of the information services provider’s stock worth $301,000 after acquiring an additional 923 shares in the last quarter. QRG Capital Management Inc. grew its holdings in JD.com by 60.4% in the first quarter. QRG Capital Management Inc. now owns 27,135 shares of the information services provider’s stock worth $743,000 after purchasing an additional 10,221 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in JD.com by 1.2% in the first quarter. Russell Investments Group Ltd. now owns 2,034,393 shares of the information services provider’s stock valued at $55,642,000 after purchasing an additional 24,403 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD.com stock opened at $39.02 on Tuesday. The business’s fifty day simple moving average is $36.42 and its 200 day simple moving average is $31.33. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82. The firm has a market capitalization of $61.54 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 0.43 and a beta of 0.41.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the previous year, the firm earned $0.68 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, analysts anticipate that JD.com, Inc. will post 3.74 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on JD. Sanford C. Bernstein reduced their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. StockNews.com raised JD.com from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and set a $47.00 target price on shares of JD.com in a research report on Tuesday, October 15th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and reduced their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Susquehanna restated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and a consensus target price of $39.71.

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.