JD.com, Inc. (NASDAQ:JD) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in shares of JD.com, Inc. (NASDAQ:JD) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,425 shares of the information services provider’s stock after buying an additional 1,267 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JD.com were worth $2,097,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Polunin Capital Partners Ltd boosted its stake in JD.com by 27.8% in the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after buying an additional 447,264 shares during the last quarter. Seven Grand Managers LLC acquired a new stake in shares of JD.com in the third quarter worth approximately $16,800,000. SG Americas Securities LLC grew its holdings in JD.com by 55.8% in the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after purchasing an additional 33,771 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in JD.com by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock worth $10,110,000 after purchasing an additional 63,800 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. purchased a new position in JD.com during the third quarter worth approximately $740,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

JD.com stock opened at $34.51 on Tuesday. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company has a market capitalization of $54.43 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.29 and a beta of 0.41. The firm’s fifty day moving average price is $38.40 and its 200 day moving average price is $31.66.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays upped their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and dropped their price target for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Citigroup reduced their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and a consensus target price of $40.36.

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.