National Bank of Canada FI Buys 2,211,095 Shares of JD.com, Inc. (NASDAQ:JD)

National Bank of Canada FI increased its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 65,089.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,214,492 shares of the information services provider's stock after purchasing an additional 2,211,095 shares during the period. National Bank of Canada FI owned approximately 0.14% of JD.com worth $88,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Cetera Advisors LLC bought a new stake in shares of JD.com in the first quarter worth $280,000. QRG Capital Management Inc. lifted its position in JD.com by 4.7% during the 2nd quarter. QRG Capital Management Inc. now owns 28,408 shares of the information services provider's stock worth $734,000 after buying an additional 1,273 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of JD.com by 51.1% during the 2nd quarter. SG Americas Securities LLC now owns 60,484 shares of the information services provider's stock worth $1,563,000 after buying an additional 20,445 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of JD.com by 16.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,858 shares of the information services provider's stock valued at $255,000 after acquiring an additional 1,396 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of JD.com by 4.8% in the second quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider's stock valued at $447,000 after acquiring an additional 797 shares during the last quarter. Institutional investors own 15.98% of the company's stock.

JD.com Price Performance

Shares of NASDAQ JD traded up $0.77 during midday trading on Friday, reaching $37.18. The company's stock had a trading volume of 11,380,349 shares, compared to its average volume of 12,428,004. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The company has a market cap of $58.64 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.29 and a beta of 0.38. The business's 50 day moving average price is $39.30 and its two-hundred day moving average price is $31.86. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

Wall Street Analysts Forecast Growth

JD has been the topic of a number of recent analyst reports. Susquehanna restated a "neutral" rating and set a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. StockNews.com raised JD.com from a "hold" rating to a "buy" rating in a research report on Friday, November 22nd. Benchmark reaffirmed a "buy" rating and issued a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Finally, Citigroup decreased their target price on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.36.

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.