PNC Financial Services Group Inc. decreased its holdings in shares of JD.com, Inc. (NASDAQ:JD – Free Report) by 42.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,891 shares of the information services provider’s stock after selling 35,892 shares during the period. PNC Financial Services Group Inc.’s holdings in JD.com were worth $1,395,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in JD.com by 173.6% during the second quarter. Russell Investments Group Ltd. now owns 833,175 shares of the information services provider’s stock valued at $28,433,000 after purchasing an additional 528,663 shares during the last quarter. Maple Rock Capital Partners Inc. grew its position in shares of JD.com by 95.6% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,345,000 shares of the information services provider’s stock worth $45,905,000 after acquiring an additional 657,500 shares during the last quarter. Platinum Investment Management Ltd. grew its position in shares of JD.com by 12.8% during the third quarter. Platinum Investment Management Ltd. now owns 547,343 shares of the information services provider’s stock worth $15,944,000 after acquiring an additional 62,129 shares during the last quarter. Maxi Investments CY Ltd grew its position in shares of JD.com by 111.7% during the second quarter. Maxi Investments CY Ltd now owns 379,020 shares of the information services provider’s stock worth $12,936,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Segantii Capital Management Ltd grew its position in shares of JD.com by 1,328.6% during the third quarter. Segantii Capital Management Ltd now owns 500,000 shares of the information services provider’s stock worth $14,696,000 after acquiring an additional 465,000 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.
JD.com Price Performance
Shares of NASDAQ JD opened at $23.90 on Friday. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $48.72. The company has a current ratio of 1.36, a quick ratio of 1.12 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $37.69 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 0.20 and a beta of 0.54. The firm has a 50-day moving average of $24.67 and a two-hundred day moving average of $27.74.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on JD shares. Barclays lowered their price target on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. StockNews.com lowered shares of JD.com from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Mizuho lowered their price target on shares of JD.com from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 17th. Citigroup decreased their target price on shares of JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Finally, Susquehanna decreased their target price on shares of JD.com from $38.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, November 20th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and a consensus price target of $42.00.
View Our Latest Report on JD.com
JD.com Profile
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, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
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Source: americanbankingnews.com
