Russell Investments Group Ltd. Has $57.87 Million Stake in JD.com, Inc. (NASDAQ:JD)

Russell Investments Group Ltd. lifted its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 52.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,009,990 shares of the information services provider's stock after purchasing an additional 695,537 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.13% of JD.com worth $57,867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JD. China Universal Asset Management Co. Ltd. lifted its position 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 buying an additional 1,042 shares in the last quarter. Mizuho Securities Co. Ltd. raised its holdings in JD.com by 468.8% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider's stock worth $53,000 after buying an additional 1,500 shares during the period. Spire Wealth Management lifted its position in JD.com by 81.3% in the 3rd quarter. Spire Wealth Management now owns 2,166 shares of the information services provider's stock valued at $63,000 after acquiring an additional 971 shares in the last quarter. CWM LLC boosted its position in shares of JD.com by 69.3% during the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider's stock worth $85,000 after buying an additional 1,208 shares during the period. Finally, Compagnie Lombard Odier SCmA boosted its position in JD.com by 73.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider's stock worth $111,000 after acquiring an additional 1,631 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on JD shares. Morgan Stanley reiterated an "equal weight" rating and set a $27.00 price target on shares of JD.com in a report on Thursday, April 18th. Barclays cut their price objective on shares of JD.com from $45.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, January 31st. Mizuho increased their target price on JD.com from $32.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. Citigroup reduced their price target 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, Susquehanna lowered their price objective on JD.com from $30.00 to $28.00 and set a "neutral" rating on the stock in a research report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $35.60.

JD.com Stock Down 1.5 %

NASDAQ:JD traded down $0.45 on Monday, reaching $29.89. 9,071,028 shares of the stock traded hands, compared to its average volume of 14,619,659. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $41.95. The company's fifty day simple moving average is $25.91 and its 200 day simple moving average is $25.79. 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 company has a market capitalization of $47.14 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 0.24 and a beta of 0.54.

JD.com (NASDAQ:JD - Get Free Report) last posted its earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating 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 net margin of 2.22% and a return on equity of 10.87%. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. Equities analysts predict 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. Investors 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 dividend payout ratio (DPR) is presently 34.74%.

JD.com Profile

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.