Private Advisor Group LLC Acquires 61,269 Shares of JD.com, Inc. (NASDAQ:JD)

Private Advisor Group LLC increased its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 91.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,550 shares of the information services provider's stock after acquiring an additional 61,269 shares during the period. Private Advisor Group LLC's holdings in JD.com were worth $5,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in JD. Cerity Partners LLC lifted its stake in JD.com by 33.1% in the 1st 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 raised its stake in shares of 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 acquiring an additional 718,760 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of JD.com by 1,724.9% during the first quarter. Principal Financial Group Inc. now owns 694,199 shares of the information services provider's stock valued at $28,545,000 after acquiring an additional 656,158 shares during the last quarter. Spire Wealth Management raised its stake in shares of JD.com by 706.6% during 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 raised its stake in shares of JD.com by 974.5% during the first 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 last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Stock Performance

Shares of NASDAQ JD traded down $0.29 during midday trading on Friday, hitting $33.18. The company's stock had a trading volume of 4,886,047 shares, compared to its average volume of 9,475,467. The stock has a fifty day moving average price of $32.80 and a 200 day moving average price of $36.45. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $46.34 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 4.38 and a beta of 0.48.

Analyst Ratings Changes

Several research firms have recently issued reports on JD. Bank of America dropped their price target 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. Susquehanna lowered their target price on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, May 15th. Citigroup restated a "buy" rating and issued a $51.00 price target (down from $56.00) on shares of JD.com in a report on Monday, April 28th. Arete cut shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Tuesday, June 24th. Finally, Benchmark reduced their price target on shares of JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a report on Monday. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, JD.com currently has an average rating of "Moderate Buy" and an average target price of $44.00.

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.