JD.com, Inc. $JD Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp has increased its holdings in JD.com, Inc. by 6.4%, now owning approximately 1.17 million shares valued at $48.28 million.
• In recent months, several institutional investors have initiated or expanded their positions in JD.com, indicating continued investor interest in the company.
• Analysts have shown mixed sentiments, with target price changes and ratings ranging from "buy" to "hold," with a consensus price target of $43.31.

Northern Trust Corp increased its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,174,075 shares of the information services provider's stock after acquiring an additional 70,313 shares during the period. Northern Trust Corp owned approximately 0.07% of JD.com worth $48,278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JD. Brighton Jones LLC bought a new position in JD.com in the 4th quarter valued at about $270,000. Raymond James Financial Inc. bought a new position in JD.com in the 4th quarter valued at about $2,363,000. NewEdge Advisors LLC grew its position in JD.com by 51.2% in the 4th quarter. NewEdge Advisors LLC now owns 11,077 shares of the information services provider's stock valued at $384,000 after buying an additional 3,750 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in JD.com by 29.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 9,041 shares of the information services provider's stock valued at $313,000 after buying an additional 2,050 shares in the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in JD.com in the 4th quarter valued at about $212,000. Institutional investors own 15.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JD. Susquehanna decreased their target price on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Benchmark decreased their target price on shares of JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Mizuho reduced their price objective on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. Finally, Morgan Stanley reduced their price objective on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.31.

JD.com Stock Performance

NASDAQ:JD opened at $30.82 on Thursday. JD.com, Inc. has a twelve month low of $25.61 and a twelve month high of $47.82. The company has a 50-day moving average of $32.10 and a 200-day moving average of $35.38. The firm has a market cap of $43.04 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 3.61 and a beta of 0.46. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19.

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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