PNC Financial Services Group Inc. grew its holdings in shares of JD.com, Inc. (NASDAQ:JD – Free Report) by 21.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,197 shares of the information services provider’s stock after purchasing an additional 10,306 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JD.com were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB raised its holdings in shares of JD.com by 10.8% during the 4th quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider’s stock valued at $12,734,000 after purchasing an additional 43,175 shares in the last quarter. FIL Ltd raised its holdings in shares of JD.com by 124.3% during the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after purchasing an additional 3,441,605 shares in the last quarter. Contrarius Investment Management Ltd bought a new position in shares of JD.com during the 4th quarter valued at $9,384,000. Carmignac Gestion grew its stake in JD.com by 3.1% in the 4th quarter. Carmignac Gestion now owns 965,063 shares of the information services provider’s stock valued at $27,874,000 after buying an additional 29,159 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in JD.com by 234.0% in the 4th quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider’s stock valued at $3,063,000 after buying an additional 74,269 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on JD. Sanford C. Bernstein raised their target price on shares of JD.com from $28.00 to $35.00 and gave the company a “market perform” rating in a research note on Friday, May 17th. HSBC raised their target price on shares of JD.com from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Bank of America raised their target price on shares of JD.com from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Susquehanna lowered their target price on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, April 5th. Finally, Barclays raised their target price on shares of JD.com from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average target price of $37.20.
Check Out Our Latest Research Report on JD
JD.com Price Performance
NASDAQ:JD opened at $28.10 on Friday. The company has a 50-day moving average of $30.11 and a 200-day moving average of $26.97. The company has a market capitalization of $44.32 billion, a price-to-earnings ratio of 12.83 and a beta of 0.46. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $41.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.88 and a current ratio of 1.15.
JD.com (NASDAQ:JD – Get Free Report) last released its quarterly earnings data on Thursday, May 16th. The information services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.17. The company had revenue of $36.02 billion during the quarter, compared to the consensus estimate of $35.75 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. As a group, equities research analysts anticipate that JD.com, Inc. will post 3.08 earnings per share for the current fiscal year.
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.
Further Reading
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Source: defenseworld.net
