JD.com, Inc. (NASDAQ:JD) Shares Bought by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers significantly increased its stake in JD.com by 94% during the first quarter, owning a total of 117,647 shares valued at approximately $4.8 million.
• Multiple institutional investors have also raised their holdings in JD.com, with Principal Financial Group increasing its stake by 1,724.9%, reflecting a growing interest among large investors.
• Analysts have provided mixed reviews on JD.com's stock, with Citigroup maintaining a "buy" rating while others, like Morgan Stanley, have lowered their price targets substantially.

Cetera Investment Advisers grew its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 94.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,647 shares of the information services provider's stock after acquiring an additional 57,013 shares during the period. Cetera Investment Advisers' holdings in JD.com were worth $4,838,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Citigroup reissued a "buy" rating and set a $51.00 price objective (down from $56.00) on shares of JD.com in a research note on Monday, April 28th. Morgan Stanley dropped 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 note on Thursday, July 10th. Bank of America dropped their price objective on shares of JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, July 14th. Macquarie reissued a "neutral" rating and set a $35.00 price objective on shares of JD.com in a research note on Wednesday, April 23rd. Finally, Mizuho lowered their target price on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $44.00.

JD.com Stock Down 1.8%

Shares of NASDAQ JD opened at $30.91 on Friday. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The firm has a fifty day moving average of $32.62 and a 200-day moving average of $36.38. The stock has a market capitalization of $43.17 billion, a PE ratio of 7.52, a P/E/G ratio of 4.04 and a beta of 0.46. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18.

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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