Nordea Investment Management AB Purchases 43,175 Shares of JD.com, Inc. (NASDAQ:JD)

Nordea Investment Management AB increased its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,453 shares of the information services provider's stock after purchasing an additional 43,175 shares during the quarter. Nordea Investment Management AB's holdings in JD.com were worth $12,734,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of JD.com in the 1st quarter valued at about $81,000. Cetera Investment Advisers lifted its holdings in shares of JD.com by 16.9% in the 1st quarter. Cetera Investment Advisers now owns 7,776 shares of the information services provider's stock valued at $450,000 after purchasing an additional 1,125 shares during the last quarter. West Family Investments Inc. purchased a new stake in JD.com during the 1st quarter valued at approximately $340,000. Ergoteles LLC purchased a new stake in JD.com during the 1st quarter valued at approximately $307,000. Finally, Federated Hermes Inc. raised its stake in JD.com by 155.4% during the 1st quarter. Federated Hermes Inc. now owns 1,513,562 shares of the information services provider's stock valued at $87,590,000 after acquiring an additional 920,886 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. Barclays reduced their price objective on JD.com from $45.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, January 31st. StockNews.com raised JD.com from a "hold" rating to a "buy" rating in a research note on Friday, March 15th. Mizuho upped their price objective on JD.com from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Citigroup reduced their price objective on JD.com from $43.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, January 25th. Finally, HSBC upped their price objective on JD.com from $38.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.64.

JD.com Price Performance

Shares of JD traded down $1.09 on Thursday, reaching $27.05. The stock had a trading volume of 15,489,514 shares, compared to its average volume of 16,165,630. The firm has a market capitalization of $42.66 billion, a PE ratio of 12.70, a PEG ratio of 0.22 and a beta of 0.52. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $23.92 and a 200 day moving average of $26.55. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $45.16.

JD.com (NASDAQ:JD - Get Free Report) last announced its earnings results on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $4.74. The firm had revenue of $306.08 billion for the quarter, compared to analysts' expectations of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. JD.com's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. Sell-side analysts expect that JD.com, Inc. will post 2.85 EPS for the current year.

JD.com Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.74 per share. This represents a yield of 2.99%. The ex-dividend date is Thursday, April 4th. JD.com's dividend payout ratio (DPR) is presently 34.74%.

About JD.com

JD.com, Inc provides supply chain-based technologies and services 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.