Handelsbanken Fonder AB Has $20.86 Million Stake in JD.com, Inc. (NASDAQ:JD)

Handelsbanken Fonder AB trimmed its holdings in JD.com, Inc. (NASDAQ:JD) by 39.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 722,135 shares of the information services provider’s stock after selling 465,438 shares during the period. Handelsbanken Fonder AB’s holdings in JD.com were worth $20,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its position in shares of JD.com by 10.8% during the 4th quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider’s stock valued at $12,734,000 after acquiring an additional 43,175 shares during the period. Trexquant Investment LP bought a new stake in shares of JD.com during the 3rd quarter valued at about $8,566,000. Platinum Investment Management Ltd. grew its stake in shares of JD.com by 12.8% during the 3rd quarter. Platinum Investment Management Ltd. now owns 547,343 shares of the information services provider’s stock valued at $15,944,000 after purchasing an additional 62,129 shares during the period. Oaktree Capital Management LP grew its stake in shares of JD.com by 68.7% during 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 acquiring an additional 695,180 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of JD.com by 40.4% during 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 acquiring an additional 212,616 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

JD stock opened at $26.99 on Tuesday. The stock has a 50-day moving average price of $25.48 and a two-hundred day moving average price of $25.82. JD.com, Inc. has a 12-month low of $20.82 and a 12-month 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 company has a market cap of $42.57 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.20 and a beta of 0.54.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $4.74. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The company had revenue of $306.08 billion for the quarter, compared to analysts’ expectations of $300.21 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, research analysts predict that JD.com, Inc. will post 2.85 EPS for the current year.

JD.com Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, April 5th will be issued 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 presently 34.74%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of JD.com in a report on Tuesday, April 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $27.00 price objective on shares of JD.com in a research report on Thursday, April 18th. Nomura cut their price objective on JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. Susquehanna dropped their price target 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. Finally, Barclays dropped 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 equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and a consensus target price of $36.67.

About JD.com

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.