JD.com, Inc. (NASDAQ:JD) Position Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in JD.com, Inc. (NASDAQ:JD) by 2.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 52,425 shares of the information services provider’s stock after acquiring an additional 1,267 shares during the period. PNC Financial Services Group Inc.’s holdings in JD.com were worth $2,097,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Federated Hermes Inc. boosted its holdings in JD.com by 16.4% in the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock worth $110,601,000 after purchasing an additional 603,211 shares during the period. Polunin Capital Partners Ltd lifted its position in shares of JD.com by 27.8% in the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after buying an additional 447,264 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of JD.com by 177.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,873,282 shares of the information services provider’s stock valued at $74,931,000 after buying an additional 1,198,753 shares during the period. WT Asset Management Ltd bought a new stake in shares of JD.com during the 3rd quarter valued at about $55,635,000. Finally, Varma Mutual Pension Insurance Co raised its stake in JD.com by 285.0% during the second quarter. Varma Mutual Pension Insurance Co now owns 946,300 shares of the information services provider’s stock worth $24,452,000 after acquiring an additional 700,500 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Price Performance

Shares of NASDAQ:JD opened at $34.51 on Tuesday. The stock’s 50 day moving average price is $38.40 and its 200 day moving average price is $31.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The stock has a market cap of $54.43 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.29 and a beta of 0.41. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JD shares. Citigroup lowered their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Susquehanna restated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research note on Monday, August 19th. Barclays raised their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein lowered their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. Finally, StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.36.

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.