Principal Financial Group Inc. Invests $854,000 in JD.com, Inc. (JD) Stock

Principal Financial Group Inc. acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,769 shares of the information services provider’s stock, valued at approximately $854,000.

Other institutional investors also recently bought and sold shares of the company. Highstreet Asset Management Inc. bought a new position in shares of JD.com in the 2nd quarter valued at $127,000. IFP Advisors Inc increased its stake in shares of JD.com by 585.2% in the 2nd quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after purchasing an additional 4,184 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of JD.com by 7.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock valued at $202,000 after purchasing an additional 464 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of JD.com in the 1st quarter valued at $242,000. Finally, Greenleaf Trust bought a new position in shares of JD.com in the 2nd quarter valued at $242,000. Hedge funds and other institutional investors own 46.43% of the company’s stock.

JD.com, Inc. (NASDAQ JD) opened at 40.17 on Wednesday. The firm’s market capitalization is $57.17 billion. JD.com, Inc. has a one year low of $23.38 and a one year high of $48.99. The firm’s 50-day moving average price is $41.49 and its 200 day moving average price is $39.89.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The firm had revenue of $93.20 billion for the quarter, compared to analysts’ expectations of $89.35 billion. During the same period last year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 43.6% compared to the same quarter last year. On average, equities analysts anticipate that JD.com, Inc. will post $0.45 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered JD.com from a “hold” rating to a “sell” rating in a research note on Wednesday. Instinet reiterated a “buy” rating and issued a $55.00 price target (up previously from $46.00) on shares of JD.com in a research note on Tuesday, August 15th. Wells Fargo & Company assumed coverage on JD.com in a research note on Tuesday, September 26th. They issued an “outperform” rating and a $50.00 price target on the stock. MKM Partners upgraded JD.com from a “neutral” rating to a “buy” rating and lifted their price target for the company from $33.00 to $51.00 in a research note on Wednesday, August 23rd. They noted that the move was a valuation call. Finally, BidaskClub lowered JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $43.97.

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About JD.com

Other institutional investors also recently bought and sold shares of the company. Highstreet Asset Management Inc. bought a new position in shares of JD.com in the 2nd quarter valued at $127,000. IFP Advisors Inc increased its stake in shares of JD.com by 585.2% in the 2nd quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after purchasing an additional 4,184 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of JD.com by 7.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock valued at $202,000 after purchasing an additional 464 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of JD.com in the 1st quarter valued at $242,000. Finally, Greenleaf Trust bought a new position in shares of JD.com in the 2nd quarter valued at $242,000. Hedge funds and other institutional investors own 46.43% of the company’s stock.

JD.com, Inc. (NASDAQ JD) opened at 40.17 on Wednesday. The firm’s market capitalization is $57.17 billion. JD.com, Inc. has a one year low of $23.38 and a one year high of $48.99. The firm’s 50-day moving average price is $41.49 and its 200 day moving average price is $39.89.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The firm had revenue of $93.20 billion for the quarter, compared to analysts’ expectations of $89.35 billion. During the same period last year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 43.6% compared to the same quarter last year. On average, equities analysts anticipate that JD.com, Inc. will post $0.45 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered JD.com from a “hold” rating to a “sell” rating in a research note on Wednesday. Instinet reiterated a “buy” rating and issued a $55.00 price target (up previously from $46.00) on shares of JD.com in a research note on Tuesday, August 15th. Wells Fargo & Company assumed coverage on JD.com in a research note on Tuesday, September 26th. They issued an “outperform” rating and a $50.00 price target on the stock. MKM Partners upgraded JD.com from a “neutral” rating to a “buy” rating and lifted their price target for the company from $33.00 to $51.00 in a research note on Wednesday, August 23rd. They noted that the move was a valuation call. Finally, BidaskClub lowered JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $43.97.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/principal-financial-group-inc-invests-854000-in-jd-com-inc-jd-stock.html.

About JD.com

JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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