Principal Securities Inc. Acquires 7,523 Shares of JD.com, Inc. (NASDAQ:JD)

Principal Securities Inc. raised its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 47.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,258 shares of the information services provider’s stock after purchasing an additional 7,523 shares during the period. Principal Securities Inc.’s holdings in JD.com were worth $806,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Polunin Capital Partners Ltd raised its position in shares of 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 acquiring an additional 447,264 shares in the last quarter. Citigroup Inc. increased its position in JD.com by 9.9% during the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after buying an additional 36,096 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its holdings in JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after acquiring an additional 200,200 shares in the last quarter. KBC Group NV raised its position in shares of JD.com by 213.4% in the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock worth $12,343,000 after purchasing an additional 242,409 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after purchasing an additional 2,211,095 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD.com stock opened at $41.20 on Friday. JD.com, Inc. has a one year low of $21.18 and a one year high of $47.82. The company has a market cap of $64.97 billion, a PE ratio of 13.04, a P/E/G ratio of 0.29 and a beta of 0.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The business has a 50-day simple moving average of $37.78 and a 200-day simple moving average of $35.55.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and increased their target price for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Two equities research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.36.

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.