PNC Financial Services Group Inc. Acquires 4,871 Shares of JD.com, Inc. $JD

PNC Financial Services Group Inc. increased its stake in JD.com, Inc. (NASDAQ:JD) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 61,335 shares of the information services provider’s stock after purchasing an additional 4,871 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JD.com were worth $2,002,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC bought a new stake in JD.com in the 4th quarter valued at $270,000. Cerity Partners LLC grew its position in shares of JD.com by 33.1% during 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 during the period. Sigma Planning Corp bought a new stake in JD.com in the first quarter valued at about $217,000. Victory Capital Management Inc. increased its stake in JD.com by 1,747.0% in the first quarter. Victory Capital Management Inc. now owns 448,939 shares of the information services provider’s stock valued at $18,460,000 after purchasing an additional 424,632 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of JD.com by 91.1% during the first quarter. Private Advisor Group LLC now owns 128,550 shares of the information services provider’s stock worth $5,286,000 after purchasing an additional 61,269 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of JD.com stock opened at $29.45 on Wednesday. JD.com, Inc. has a 12 month low of $29.01 and a 12 month high of $46.44. The firm has a market capitalization of $42.19 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 2.99 and a beta of 0.41. The business’s fifty day simple moving average is $33.40 and its 200 day simple moving average is $32.88. The company has a current ratio of 1.20, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20.

Analyst Ratings Changes

Several brokerages have issued reports on JD. Mizuho set a $41.00 price target on shares of JD.com in a research note on Wednesday, October 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $38.00 price objective on shares of JD.com in a research report on Friday. Benchmark reduced their price target on shares of JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Citigroup began coverage on shares of JD.com in a research report on Monday, August 11th. They issued a “buy” rating and a $42.00 price target for the company. Finally, Nomura lowered their target price on shares of JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.43.

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.