Truist Financial Corp Has $544,000 Position in JD.com, Inc. (NASDAQ:JD)

Truist Financial Corp reduced its stake in shares of JD.com, Inc. (NASDAQ:JD) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,701 shares of the information services provider’s stock after selling 638 shares during the quarter. Truist Financial Corp’s holdings in JD.com were worth $544,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake in JD.com by 58.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 1,102 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in JD.com by 18.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,688 shares of the information services provider’s stock valued at $468,000 after acquiring an additional 1,830 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new stake in JD.com in the third quarter valued at approximately $234,000. US Bancorp DE lifted its stake in JD.com by 211.6% in the third quarter. US Bancorp DE now owns 118,153 shares of the information services provider’s stock valued at $4,726,000 after acquiring an additional 80,235 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in JD.com by 47.8% in the third quarter. Van ECK Associates Corp now owns 326,904 shares of the information services provider’s stock valued at $13,076,000 after acquiring an additional 105,674 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JD. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Benchmark restated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Citigroup reduced their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Barclays boosted their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday. Two 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.71.

JD.com Trading Down 4.0 %

Shares of JD stock opened at $40.24 on Tuesday. JD.com, Inc. has a 1 year low of $21.18 and a 1 year high of $47.82. The firm’s fifty day simple moving average is $38.45 and its 200 day simple moving average is $36.45. The firm has a market capitalization of $63.46 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

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.