5,643 Shares in JD.com, Inc. (NASDAQ:JD) Acquired by PFG Investments LLC

PFG Investments LLC purchased a new stake in JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,643 shares of the information services provider’s stock, valued at approximately $226,000.

A number of other large investors have also recently bought and sold shares of JD. Canada Pension Plan Investment Board raised its stake in shares of JD.com by 9.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock valued at $39,887,000 after acquiring an additional 129,763 shares during the last quarter. Seven Grand Managers LLC bought a new position in JD.com in the 3rd quarter valued at $16,800,000. M&G Plc acquired a new position in JD.com in the first quarter worth $22,920,000. SG Americas Securities LLC grew its holdings in shares of JD.com by 55.8% during the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock worth $3,770,000 after purchasing an additional 33,771 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of JD.com by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after buying an additional 63,800 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on JD. Benchmark reissued a “buy” rating and set a $47.00 price objective on shares of JD.com in a report on Tuesday, October 15th. Susquehanna reissued a “neutral” rating and set a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. Sanford C. Bernstein dropped their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their price objective for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Barclays boosted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

JD.com Price Performance

JD.com stock opened at $40.62 on Friday. The firm has a market capitalization of $64.06 billion, a P/E ratio of 18.55, a PEG ratio of 0.61 and a beta of 0.42. The business has a 50-day moving average of $34.82 and a 200-day moving average of $30.69. 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 1 year low of $20.82 and a 1 year high of $47.82.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating the consensus estimate of $0.79 by $8.57. The firm had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. On average, equities analysts anticipate that JD.com, Inc. will post 3.77 EPS for the current 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.