Charles Schwab Investment Management Inc. Purchases 777,914 Shares of JD.com, Inc. (NASDAQ:JD)

Charles Schwab Investment Management Inc. lifted its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 32.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,210,884 shares of the information services provider's stock after acquiring an additional 777,914 shares during the period. Charles Schwab Investment Management Inc. owned about 0.20% of JD.com worth $132,032,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Greykasell Wealth Strategies Inc. acquired a new stake in shares of JD.com during the 1st quarter valued at approximately $108,000. Allianz SE raised its position in shares of JD.com by 170.8% during the 1st quarter. Allianz SE now owns 4,062 shares of the information services provider's stock valued at $167,000 after acquiring an additional 2,562 shares in the last quarter. Smithfield Trust Co raised its position in shares of 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 acquiring an additional 1,933 shares in the last quarter. Blair William & Co. IL acquired a new stake in shares of JD.com during the 1st quarter valued at approximately $218,000. Finally, PNC Financial Services Group Inc. increased its position in JD.com by 2.3% in the first quarter. PNC Financial Services Group Inc. now owns 56,464 shares of the information services provider's stock worth $2,322,000 after buying an additional 1,288 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of JD traded up $0.94 during mid-day trading on Tuesday, hitting $32.12. The company's stock had a trading volume of 8,371,632 shares, compared to its average volume of 9,461,791. JD.com, Inc. has a one year low of $25.24 and a one year high of $47.82. The firm has a market capitalization of $44.86 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 4.07 and a beta of 0.46. The stock's 50-day moving average is $32.48 and its two-hundred day moving average is $36.03. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JD. Susquehanna decreased their price target on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, May 15th. Wall Street Zen cut JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup began coverage on JD.com in a research note on Monday. They issued a "buy" rating and a $42.00 price target for the company. Arete cut JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price target for the company. in a research note on Tuesday, June 24th. Finally, Benchmark decreased their price target on JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, JD.com presently has an average rating of "Moderate Buy" and a consensus target price of $43.31.

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.