JD.com, Inc. (NASDAQ:JD) Shares Bought by Principal Securities Inc.

Principal Securities Inc. lifted its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 47.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,258 shares of the information services provider's stock after purchasing an additional 7,523 shares during the period. Principal Securities Inc.'s holdings in JD.com were worth $806,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Richardson Financial Services Inc. acquired a new position in shares of JD.com during the fourth quarter worth about $27,000. Brooklyn Investment Group acquired a new position in JD.com in the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC raised its holdings in JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after purchasing an additional 417 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of JD.com during the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com in the 3rd quarter valued at $49,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Performance

NASDAQ JD traded up $1.23 during trading hours on Friday, hitting $42.42. 22,941,218 shares of the stock were exchanged, compared to its average volume of 11,761,598. JD.com, Inc. has a 12-month low of $21.18 and a 12-month high of $47.82. The stock has a 50-day moving average of $37.78 and a 200 day moving average of $35.55. The company has a market cap of $66.90 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 0.29 and a beta of 0.40. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JD shares. StockNews.com cut shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Citigroup reduced 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. Sanford C. Bernstein upgraded JD.com from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Dbs Bank upgraded JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Finally, Benchmark reissued a "buy" rating and issued a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, JD.com has a consensus rating of "Moderate Buy" and a consensus target price of $41.36.

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.