Mercer Global Advisors Inc. ADV lessened its position in JD.com, Inc. (NASDAQ:JD – Get Rating) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,467 shares of the information services provider’s stock after selling 1,858 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in JD.com were worth $531,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of JD. E Fund Management Hong Kong Co. Ltd. acquired a new stake in JD.com in the 1st quarter valued at approximately $81,000. Cetera Investment Advisers grew its stake in JD.com by 16.9% in the first 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 in the last quarter. West Family Investments Inc. bought a new position in JD.com in the first quarter valued at approximately $340,000. Ergoteles LLC bought a new position in JD.com in the first quarter valued at approximately $307,000. Finally, Federated Hermes Inc. grew its stake in JD.com by 155.4% in the first quarter. Federated Hermes Inc. now owns 1,513,562 shares of the information services provider’s stock valued at $87,590,000 after purchasing an additional 920,886 shares in the last quarter. Institutional investors and hedge funds own 17.71% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on JD shares. Barclays decreased their price target on JD.com from $74.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, April 13th. Susquehanna decreased their price target on JD.com from $45.00 to $40.00 in a research note on Thursday. Citigroup reduced their target price on JD.com from $83.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, April 11th. StockNews.com started coverage on JD.com in a research note on Thursday. They set a “hold” rating for the company. Finally, Benchmark lifted their target price on JD.com from $68.00 to $72.00 in a research note on Friday, May 12th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.17.
JD.com Stock Performance
JD.com (NASDAQ:JD – Get Rating) last announced its quarterly earnings data on Thursday, March 9th. The information services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.17. The firm had revenue of $42.84 billion during the quarter, compared to analysts’ expectations of $43.18 billion. JD.com had a return on equity of 9.63% and a net margin of 1.87%. Research analysts expect that JD.com, Inc. will post 2.2 EPS for the current year.
JD.com Announces Dividend
The business also recently disclosed a Variable dividend, which was paid on Thursday, May 4th. Shareholders of record on Thursday, April 6th were issued a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a yield of 1.5%. JD.com’s dividend payout ratio is presently 34.09%.
JD.com, Inc is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services.
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