First Hawaiian Bank Makes New $1.44 Million Investment in JD.com, Inc. $JD

Key Points

• First Hawaiian Bank has invested approximately $1.44 million in JD.com, acquiring 35,086 shares during the first quarter.
• Institutional investors hold a total of 15.98% of JD.com's stock, with various firms increasing their stakes in the company during the fourth quarter.
• Analysts have revised their target prices for JD.com, with the consensus now at $43.31, indicating a "Moderate Buy" rating from most analysts.

First Hawaiian Bank bought a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,086 shares of the information services provider's stock, valued at approximately $1,443,000.

Several other institutional investors have also recently made changes to their positions in JD. Brighton Jones LLC purchased a new stake in JD.com in the 4th quarter worth about $270,000. Cetera Investment Advisers raised its holdings in shares of JD.com by 18.5% in the fourth quarter. Cetera Investment Advisers now owns 60,634 shares of the information services provider's stock worth $2,102,000 after buying an additional 9,482 shares during the period. Focus Partners Wealth lifted its stake in shares of JD.com by 15.0% during the 4th quarter. Focus Partners Wealth now owns 21,088 shares of the information services provider's stock worth $766,000 after acquiring an additional 2,745 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in JD.com by 15.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 93,844 shares of the information services provider's stock valued at $3,253,000 after acquiring an additional 12,350 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in JD.com by 32.4% during the 4th quarter. Quantinno Capital Management LP now owns 21,315 shares of the information services provider's stock valued at $739,000 after acquiring an additional 5,210 shares during the period. Institutional investors own 15.98% of the company's stock.

JD.com Price Performance

Shares of JD opened at $33.67 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. The company has a 50 day moving average price of $32.03 and a 200-day moving average price of $34.64. JD.com, Inc. has a fifty-two week low of $26.12 and a fifty-two week high of $47.82. The stock has a market capitalization of $47.03 billion, a PE ratio of 9.46, a PEG ratio of 3.86 and a beta of 0.36.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group reduced their target price on JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. JPMorgan Chase & Co. lowered their price objective on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Benchmark reduced their target price on shares of JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Citigroup began coverage on shares of JD.com in a research note on Monday, August 11th. They set a "buy" rating and a $42.00 price target for the company. Finally, Bank of America dropped their price objective on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.31.

JD.com 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.

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