Harvest Fund Management Co. Ltd lowered its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 84.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,049 shares of the information services provider's stock after selling 33,892 shares during the period. Harvest Fund Management Co. Ltd's holdings in JD.com were worth $175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its position in shares of JD.com by 146.3% during the third quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider's stock valued at $51,000 after buying an additional 1,042 shares during the last quarter. Mizuho Securities Co. Ltd. raised its stake in JD.com by 468.8% during the third quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider's stock valued at $53,000 after purchasing an additional 1,500 shares in the last quarter. Spire Wealth Management raised its stake in JD.com by 81.3% during the third quarter. Spire Wealth Management now owns 2,166 shares of the information services provider's stock valued at $63,000 after purchasing an additional 971 shares in the last quarter. CWM LLC raised its stake in JD.com by 69.3% during the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider's stock valued at $85,000 after purchasing an additional 1,208 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA raised its stake in JD.com by 73.5% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider's stock valued at $111,000 after purchasing an additional 1,631 shares in the last quarter. Institutional investors own 15.98% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. HSBC upped their price target on shares of JD.com from $38.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Nomura cut their price objective on shares of JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. StockNews.com upgraded shares of JD.com from a "hold" rating to a "buy" rating in a research report on Monday, April 8th. Loop Capital cut their price objective on shares of JD.com from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Friday, April 5th. Finally, Mizuho boosted their price objective on shares of JD.com from $32.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $35.60.
Check Out Our Latest Research Report on JD
JD.com Stock Performance
Shares of JD.com stock traded up $0.32 during midday trading on Thursday, hitting $28.59. The company had a trading volume of 11,045,575 shares, compared to its average volume of 14,593,847. The stock has a market cap of $45.09 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.22 and a beta of 0.54. 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 company has a fifty day simple moving average of $25.79 and a 200 day simple moving average of $25.85. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $41.95.
JD.com (NASDAQ:JD - Get Free Report) last issued its quarterly earnings results 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. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The company had revenue of $306.08 billion for the quarter, compared to the consensus estimate of $300.21 billion. During the same quarter in the prior year, the company earned $0.54 EPS. JD.com's quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts predict that JD.com, Inc. will post 2.85 earnings per share for the current fiscal year.
JD.com Dividend Announcement
The company also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.74 per share. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 2.99%. JD.com's payout ratio is 34.74%.
About JD.com
(
Free Report)
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.
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