Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 70.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,930 shares of the information services provider's stock after selling 436,818 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in JD.com were worth $5,400,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of JD. China Universal Asset Management Co. Ltd. boosted its stake in JD.com by 146.3% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider's stock worth $51,000 after acquiring an additional 1,042 shares during the last quarter. Mizuho Securities Co. Ltd. lifted its stake in JD.com by 468.8% in the third quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider's stock valued at $53,000 after buying an additional 1,500 shares in the last quarter. Ronald Blue Trust Inc. lifted its stake in JD.com by 28.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,883 shares of the information services provider's stock valued at $55,000 after buying an additional 416 shares in the last quarter. First Manhattan Co. lifted its stake in JD.com by 32.5% in the fourth quarter. First Manhattan Co. now owns 994 shares of the information services provider's stock valued at $56,000 after buying an additional 244 shares in the last quarter. Finally, Spire Wealth Management lifted its position in shares of JD.com by 81.3% in the third quarter. Spire Wealth Management now owns 2,166 shares of the information services provider's stock worth $63,000 after purchasing an additional 971 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.
JD.com Trading Down 1.4 %
NASDAQ:JD traded down $0.36 on Tuesday, reaching $25.06. 7,512,991 shares of the stock traded hands, compared to its average volume of 14,873,924. The firm has a market capitalization of $39.52 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 0.20 and a beta of 0.54. The company's 50 day moving average is $25.22 and its 200-day moving average is $25.91. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $41.95.
JD.com (NASDAQ:JD - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, topping the consensus estimate of $0.56 by $4.74. The company had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The company's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Equities research analysts anticipate that JD.com, Inc. will post 2.85 EPS for the current fiscal year.
JD.com Announces Dividend
The business also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, April 5th will be given a dividend of $0.74 per share. This represents a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, April 4th. JD.com's dividend payout ratio (DPR) is 34.74%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on JD shares. Loop Capital lowered their target price on shares of JD.com from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Friday, April 5th. JPMorgan Chase & Co. upped their price objective on shares of JD.com from $25.00 to $28.00 and gave the company a "hold" rating in a report on Friday, April 5th. Barclays decreased their price objective on shares of JD.com from $45.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, January 31st. Nomura decreased their price objective on shares of JD.com from $36.00 to $33.00 in a report on Friday, April 5th. Finally, Susquehanna decreased their price objective on shares of JD.com from $30.00 to $28.00 and set a "neutral" rating on the stock in a report on Friday, April 5th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, JD.com has a consensus rating of "Moderate Buy" and an average price target of $37.07.
Read Our Latest Report on JD.com
JD.com Company Profile
(
Free Report)
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.
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