Royal Bank of Canada Boosts Stock Position in JD.com, Inc. $JD

Key Points

• Royal Bank of Canada increased its stake in JD.com, Inc. by 4.5%, owning 346,344 shares valued at approximately $14.2 million after purchasing an additional 15,000 shares in the first quarter.
• Several hedge funds have also raised their positions in JD.com, including a 483.2% increase by Canada Pension Plan Investment Board, now owning over 1.1 million shares.
• JD.com has received mixed ratings from analysts, with Zacks upgrading the stock to "hold" while UBS and JPMorgan lowered their price targets, indicating a cautious outlook.

Royal Bank of Canada raised its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 346,344 shares of the information services provider's stock after buying an additional 15,000 shares during the quarter. Royal Bank of Canada's holdings in JD.com were worth $14,241,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cerity Partners LLC grew its holdings 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 worth $1,092,000 after buying an additional 6,611 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in JD.com during the 1st quarter worth $1,900,000. Temasek Holdings Private Ltd raised its position in JD.com by 18.4% in the fourth 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 in the last quarter. Canada Pension Plan Investment Board grew its stake in JD.com by 483.2% during the first quarter. Canada Pension Plan Investment Board now owns 1,101,100 shares of the information services provider's stock worth $45,277,000 after buying an additional 912,300 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of JD.com by 45.0% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 38,878 shares of the information services provider's stock valued at $1,608,000 after purchasing an additional 12,071 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JD has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Mizuho reduced their target price on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. Zacks Research raised shares of JD.com from a "strong sell" rating to a "hold" rating in a report on Monday. UBS Group lowered their price target on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $43.31.

JD.com Trading Down 1.6%

Shares of JD stock opened at $33.32 on Thursday. JD.com, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $47.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. The stock's fifty day moving average is $31.95 and its two-hundred day moving average is $34.77. The firm has a market capitalization of $46.54 billion, a P/E ratio of 9.36, a PEG ratio of 3.80 and a beta of 0.36.

JD.com 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.

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