Canada Pension Plan Investment Board Acquires 912,300 Shares of JD.com, Inc. $JD

Key Points

• The Canada Pension Plan Investment Board increased its holdings in JD.com by 483.2% in Q1, now owning 1,101,100 shares valued at approximately $45.3 million.
• Institutional investors control 15.98% of JD.com's stock, with several firms, including Hexagon Capital Partners and Smithfield Trust Co, making significant purchases in the same quarter.
• JD.com has garnered mixed analyst opinions, with one firm giving it a buy rating and a target price of $42, while others have downgraded their ratings.

Canada Pension Plan Investment Board increased its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 483.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,101,100 shares of the information services provider's stock after acquiring an additional 912,300 shares during the quarter. Canada Pension Plan Investment Board owned about 0.07% of JD.com worth $45,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Hexagon Capital Partners LLC bought a new position in shares of JD.com in the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new stake in JD.com during the 1st quarter valued at about $32,000. Wayfinding Financial LLC purchased a new stake in JD.com during the 1st quarter valued at about $56,000. Farther Finance Advisors LLC grew its position in JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock valued at $66,000 after purchasing an additional 308 shares during the last quarter. Finally, Smithfield Trust Co grew its position in JD.com by 3,451.8% during the 1st quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider's stock valued at $82,000 after purchasing an additional 1,933 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Performance

JD opened at $31.07 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The company has a market cap of $43.39 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 3.53 and a beta of 0.46. The company's 50 day moving average is $32.05 and its 200 day moving average is $35.21. JD.com, Inc. has a 12-month low of $25.61 and a 12-month high of $47.82.

Wall Street Analysts Forecast Growth

JD has been the topic of several recent analyst reports. Citigroup initiated coverage on shares of JD.com in a research report on Monday, August 11th. They set a "buy" rating and a $42.00 price objective on the stock. Arete Research downgraded shares of JD.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 1st. Wall Street Zen downgraded shares of JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Bank of America cut their price objective on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. dropped their price target on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, JD.com has a consensus rating of "Moderate Buy" and a consensus target price of $43.31.

About JD.com

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.

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