JD.com, Inc. (NASDAQ:JD) Stake Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 1,724.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 694,199 shares of the information services provider's stock after acquiring an additional 656,158 shares during the quarter. Principal Financial Group Inc.'s holdings in JD.com were worth $28,545,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC purchased a new stake in JD.com in the 4th quarter valued at about $270,000. Jones Financial Companies Lllp grew its holdings in JD.com by 32.8% in the 4th quarter. Jones Financial Companies Lllp now owns 12,347 shares of the information services provider's stock valued at $428,000 after buying an additional 3,050 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in JD.com by 91.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,156 shares of the information services provider's stock valued at $75,000 after buying an additional 1,031 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in JD.com by 46.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,432,970 shares of the information services provider's stock valued at $84,351,000 after buying an additional 771,613 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in JD.com in the 4th quarter valued at about $2,363,000. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Stock Performance

Shares of NASDAQ JD traded down $1.10 during trading on Wednesday, reaching $31.60. The stock had a trading volume of 12,944,002 shares, compared to its average volume of 13,948,336. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. The stock has a market cap of $49.84 billion, a PE ratio of 7.69, a P/E/G ratio of 1.15 and a beta of 0.48. The firm's 50 day moving average price is $33.27 and its two-hundred day moving average price is $36.71.

Wall Street Analysts Forecast Growth

JD has been the subject of a number of research reports. Arete Research upgraded JD.com to a "hold" rating in a report on Tuesday, June 24th. Bank of America decreased their target price on JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their target price on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, May 27th. Mizuho decreased their target price on JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Finally, Morgan Stanley set a $39.00 target price on JD.com in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, JD.com has an average rating of "Moderate Buy" and a consensus target price of $46.23.

JD.com Company 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.