JD.com, Inc. $JD Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has reduced its stake in JD.com by 14.7%, selling 8,920 shares in the first quarter and holding 51,951 shares worth $2,136,000.
• Several large investors, including Cerity Partners and Principal Financial Group, have significantly increased their holdings in JD.com, indicating growing confidence in the company.
• Analysts have varied opinions on JD.com, with recent price targets ranging from $28.00 to $48.00, reflecting differing ratings among various firms.

Deutsche Bank AG trimmed its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,951 shares of the information services provider's stock after selling 8,920 shares during the period. Deutsche Bank AG's holdings in JD.com were worth $2,136,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in JD.com by 33.1% in the 1st quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider's stock valued at $1,092,000 after purchasing an additional 6,611 shares in the last quarter. Temasek Holdings Private Ltd increased its holdings in JD.com by 18.4% in the 4th quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after purchasing an additional 718,760 shares in the last quarter. Principal Financial Group Inc. increased its holdings in JD.com by 1,724.9% in the 1st quarter. Principal Financial Group Inc. now owns 694,199 shares of the information services provider's stock valued at $28,545,000 after purchasing an additional 656,158 shares in the last quarter. Spire Wealth Management increased its holdings in JD.com by 706.6% in the 1st quarter. Spire Wealth Management now owns 8,985 shares of the information services provider's stock valued at $369,000 after purchasing an additional 7,871 shares in the last quarter. Finally, Matthews International Capital Management LLC increased its holdings in JD.com by 974.5% in the 1st quarter. Matthews International Capital Management LLC now owns 113,931 shares of the information services provider's stock valued at $4,685,000 after purchasing an additional 103,328 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

NASDAQ:JD opened at $31.17 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.92. JD.com, Inc. has a 1-year low of $25.24 and a 1-year high of $47.82. The firm has a 50-day moving average of $32.26 and a two-hundred day moving average of $35.68. The stock has a market cap of $43.53 billion, a P/E ratio of 8.76, a PEG ratio of 3.55 and a beta of 0.46.

Analysts Set New Price Targets

JD has been the subject of several recent research reports. Arete downgraded JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Tuesday, June 24th. Susquehanna lowered their price target on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, May 15th. Morgan Stanley decreased 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. Citigroup started coverage on shares of JD.com in a research report on Monday, August 11th. They issued a "buy" rating and a $42.00 price objective for the company. Finally, Mizuho decreased 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. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus 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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