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JD.com, Inc. (NASDAQ:JD) Shares Purchased by National Bank of Canada FI

JD.com logo with Retail/Wholesale background

Key Points

  • National Bank of Canada FI significantly increased its stake in JD.com, acquiring 1,095,731 shares, marking a 31,305.3% rise in its holdings during the 1st quarter.
  • JD.com has received mixed ratings from analysts, with price targets ranging from $42.00 to $48.00, and a consensus rating of "Moderate Buy."
  • As of the latest trading, JD.com shares are down 0.8%, opening at $31.49, with a market cap of approximately $43.98 billion.
  • Want stock alerts on JD.com? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

National Bank of Canada FI increased its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 31,305.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,095,731 shares of the information services provider's stock after buying an additional 1,092,242 shares during the quarter. National Bank of Canada FI owned 0.07% of JD.com worth $45,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in shares of JD.com in the fourth quarter worth $270,000. Alliancebernstein L.P. acquired a new position in shares of JD.com in the 4th quarter valued at $1,341,000. Geode Capital Management LLC raised its stake in JD.com by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 404,729 shares of the information services provider's stock worth $14,032,000 after acquiring an additional 3,540 shares during the last quarter. Cerity Partners LLC lifted its position in JD.com by 8.1% during the 4th quarter. Cerity Partners LLC now owns 19,954 shares of the information services provider's stock worth $708,000 after acquiring an additional 1,488 shares during the period. Finally, Bank of Nova Scotia acquired a new stake in JD.com during the 4th quarter worth about $3,818,000. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JD has been the topic of a number of research reports. Benchmark cut their price objective on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Arete Research downgraded shares of JD.com from a "hold" rating to a "strong sell" rating in a report on Friday, August 1st. Mizuho reduced their price target 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. JPMorgan Chase & Co. decreased 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 note on Tuesday, May 27th. Finally, Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, five have assigned 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, JD.com presently has a consensus rating of "Moderate Buy" and an average price target of $44.00.

Get Our Latest Analysis on JD

JD.com Trading Down 0.8%

Shares of JD.com stock opened at $31.49 on Friday. The firm has a 50-day simple moving average of $32.52 and a two-hundred day simple moving average of $36.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. JD.com, Inc. has a fifty-two week low of $25.24 and a fifty-two week high of $47.82. The company has a market cap of $43.98 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 4.11 and a beta of 0.46.

About JD.com

(Free Report)

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.

See Also

Want to see what other hedge funds are holding JD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JD.com, Inc. (NASDAQ:JD - Free Report).

Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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