Genesis Investment Management LLP trimmed its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 661,632 shares of the information services provider's stock after selling 331,424 shares during the period. JD.com accounts for about 3.7% of Genesis Investment Management LLP's portfolio, making the stock its 7th biggest holding. Genesis Investment Management LLP's holdings in JD.com were worth $19,115,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in JD. Nordea Investment Management AB increased its stake in shares of JD.com by 10.8% during the fourth quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider's stock worth $12,734,000 after purchasing an additional 43,175 shares during the period. Trexquant Investment LP bought a new stake in JD.com during the third quarter worth about $8,566,000. Platinum Investment Management Ltd. grew its stake in JD.com by 12.8% during the third quarter. Platinum Investment Management Ltd. now owns 547,343 shares of the information services provider's stock worth $15,944,000 after buying an additional 62,129 shares in the last quarter. Oaktree Capital Management LP increased its holdings in JD.com by 68.7% in the 3rd quarter. Oaktree Capital Management LP now owns 1,706,910 shares of the information services provider's stock valued at $49,722,000 after buying an additional 695,180 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of JD.com by 40.4% in the 4th quarter. SG Americas Securities LLC now owns 738,999 shares of the information services provider's stock valued at $21,350,000 after buying an additional 212,616 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have issued reports on JD. Nomura decreased their target price on JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. StockNews.com raised shares of JD.com from a "hold" rating to a "buy" rating in a research note on Monday, April 8th. Loop Capital lowered their price target on shares of JD.com from $26.00 to $24.00 and set a "hold" rating for the company in a report on Friday, April 5th. Benchmark reissued a "buy" rating and set a $55.00 price objective on shares of JD.com in a report on Tuesday. Finally, Barclays reduced their price objective on JD.com from $45.00 to $35.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $37.07.
Get Our Latest Analysis on JD
JD.com Stock Up 0.4 %
Shares of JD traded up $0.09 during trading hours on Wednesday, reaching $25.15. 5,678,336 shares of the stock traded hands, compared to its average volume of 14,749,678. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $41.95. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $25.22 and a 200 day simple moving average of $25.91. The company has a market cap of $39.66 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.20 and a beta of 0.54.
JD.com (NASDAQ:JD - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, topping the consensus estimate of $0.56 by $4.74. The business 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%. The business's revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, equities analysts forecast that JD.com, Inc. will post 2.85 EPS for the current year.
JD.com Dividend Announcement
The company also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Investors of record on Friday, April 5th will be paid a $0.74 dividend. This represents a yield of 2.99%. The ex-dividend date of this dividend is Thursday, April 4th. JD.com's dividend payout ratio is currently 34.74%.
About JD.com
(
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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