JD.com, Inc. (NASDAQ:JD) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 1,724.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 694,199 shares of the information services provider's stock after purchasing an additional 656,158 shares during the period. Principal Financial Group Inc.'s holdings in JD.com were worth $28,545,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Appaloosa LP boosted its stake in shares of JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after buying an additional 3,165,885 shares during the last quarter. Temasek Holdings Private Ltd raised 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 worth $160,366,000 after purchasing an additional 718,760 shares during the period. Spire Wealth Management raised 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 worth $369,000 after purchasing an additional 7,871 shares during the period. Matthews International Capital Management LLC raised 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 worth $4,685,000 after purchasing an additional 103,328 shares during the period. Finally, Raymond James Financial Inc. bought a new position in JD.com in the 4th quarter worth $2,363,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on JD shares. Arete cut JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price on the stock. 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 on the stock in a report on Wednesday, April 16th. Arete Research raised JD.com to a "hold" rating in a report on Tuesday, June 24th. Citigroup reaffirmed a "buy" rating and issued a $51.00 target price (down from $56.00) on shares of JD.com in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. decreased their price target on JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.31.

JD.com Price Performance

JD traded down $0.12 during trading on Friday, reaching $31.10. The company's stock had a trading volume of 7,745,286 shares, compared to its average volume of 13,920,979. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $33.15 and a two-hundred day simple moving average of $36.60. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The company has a market cap of $49.05 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 1.12 and a beta of 0.48.

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.