Mitsubishi UFJ Trust & Banking Corp Boosts Position in JD.com, Inc. $JD

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 182.1% in the second quarter, Holdings Channel.com reports. The fund owned 1,130,059 shares of the information services provider’s stock after purchasing an additional 729,452 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in JD.com were worth $36,885,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Nordea Investment Management AB raised its holdings in JD.com by 2.3% in the 2nd quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock worth $20,291,000 after purchasing an additional 13,755 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of JD.com by 42.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock valued at $3,780,000 after purchasing an additional 34,585 shares in the last quarter. Royal Bank of Canada increased its position in shares of JD.com by 4.5% during the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock valued at $14,241,000 after buying an additional 15,000 shares during the period. Range Financial Group LLC raised its stake in JD.com by 38.0% in the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock worth $1,532,000 after buying an additional 12,920 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in JD.com by 33.1% in the first 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. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Down 1.7%

JD stock opened at $30.71 on Friday. The business has a 50 day moving average of $33.60 and a 200 day moving average of $32.96. The firm has a market cap of $43.99 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 3.16 and a beta of 0.41. JD.com, Inc. has a twelve month low of $29.90 and a twelve month high of $46.44. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

JD has been the topic of several research reports. Citigroup started coverage on JD.com in a research report on Monday, August 11th. They set a “buy” rating and a $42.00 price objective on the stock. Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of JD.com in a research note on Wednesday, October 8th. Arete Research set a $41.00 target price on shares of JD.com in a report on Friday, September 26th. Finally, Benchmark reduced their target price on shares of JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average target price of $41.92.

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.