Russell Investments Group Ltd. Boosts Holdings in JD.com, Inc. (NASDAQ:JD)

Key Points

• Russell Investments Group Ltd. increased its stake in JD.com by 4.3% during the first quarter, owning approximately 1.99 million shares valued at $82.07 million.
• JD.com stock is trading around $32.12 with a twelve-month high of $47.82 and a market capitalization of $44.86 billion.
• Analysts' ratings for JD.com are mixed, with one "strong sell," five "hold," and nine "buy" ratings, leading to a consensus rating of "Moderate Buy" and an average target price of $43.31.

Russell Investments Group Ltd. boosted its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,991,368 shares of the information services provider's stock after buying an additional 81,270 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of JD.com worth $82,069,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Cerity Partners LLC raised its holdings in shares of JD.com by 33.1% in the first 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 during the last quarter. Temasek Holdings Private Ltd grew its position in JD.com by 18.4% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after buying an additional 718,760 shares during the period. Principal Financial Group Inc. raised its position in JD.com by 1,724.9% in the first quarter. Principal Financial Group Inc. now owns 694,199 shares of the information services provider's stock worth $28,545,000 after acquiring an additional 656,158 shares during the period. Spire Wealth Management boosted its stake in JD.com by 706.6% in the first quarter. Spire Wealth Management now owns 8,985 shares of the information services provider's stock valued at $369,000 after acquiring an additional 7,871 shares during the last quarter. Finally, Matthews International Capital Management LLC grew its position 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 valued at $4,685,000 after acquiring an additional 103,328 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Morgan Stanley reduced their target price 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. Benchmark reduced 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. Arete Research downgraded shares of JD.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. reduced their target price 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. Finally, Arete lowered shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price for the company. in a research report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.31.

JD.com Price Performance

Shares of JD stock traded up $0.12 during trading hours on Friday, reaching $31.70. The stock had a trading volume of 14,033,099 shares, compared to its average volume of 10,132,678. The stock's fifty day simple moving average is $32.40 and its 200 day simple moving average is $35.85. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 12 month low of $25.24 and a 12 month high of $47.82. The firm has a market capitalization of $44.27 billion, a PE ratio of 8.90, a PEG ratio of 4.13 and a beta of 0.46.

About JD.com

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.