JD.com, Inc. (NASDAQ:JD) Shares Purchased by Foresight Global Investors Inc.

Foresight Global Investors Inc. grew its position in shares of JD.com, Inc. (NASDAQ:JD) by 14.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 36,187 shares of the information services provider’s stock after buying an additional 4,517 shares during the period. Foresight Global Investors Inc.’s holdings in JD.com were worth $1,045,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in JD. Harvest Fund Management Co. Ltd grew its holdings in JD.com by 0.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 39,941 shares of the information services provider’s stock worth $1,163,000 after acquiring an additional 371 shares during the period. FNY Investment Advisers LLC boosted its holdings in JD.com by 10.0% during the fourth quarter. FNY Investment Advisers LLC now owns 5,500 shares of the information services provider’s stock worth $158,000 after buying an additional 502 shares in the last quarter. Private Advisor Group LLC increased its holdings in JD.com by 4.7% in the third quarter. Private Advisor Group LLC now owns 11,727 shares of the information services provider’s stock valued at $342,000 after buying an additional 528 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of JD.com by 12.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,381 shares of the information services provider’s stock valued at $155,000 after acquiring an additional 602 shares during the period. Finally, abrdn plc boosted its stake in shares of JD.com by 1.2% during the 4th quarter. abrdn plc now owns 53,544 shares of the information services provider’s stock worth $1,547,000 after acquiring an additional 659 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Up 1.3 %

NASDAQ JD traded up $0.42 during trading hours on Thursday, hitting $32.37. The company had a trading volume of 6,494,843 shares, compared to its average volume of 14,227,616. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $41.95. The firm’s 50 day moving average is $27.12 and its 200 day moving average is $26.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.90. The company has a market capitalization of $51.05 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 0.26 and a beta of 0.51.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $300.21 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Sell-side analysts anticipate that JD.com, Inc. will post 2.85 earnings per share for the current fiscal year.

JD.com Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, April 29th. Shareholders of record on Friday, April 5th were issued a dividend of $0.74 per share. This represents a yield of 2.99%. The ex-dividend date of this dividend was Thursday, April 4th. JD.com’s dividend payout ratio is currently 34.74%.

Wall Street Analyst Weigh In

JD has been the subject of several research reports. The Goldman Sachs Group assumed coverage on JD.com in a report on Thursday, April 25th. They set a “buy” rating and a $37.00 price objective for the company. Morgan Stanley restated an “equal weight” rating and set a $27.00 target price on shares of JD.com in a research report on Thursday, April 18th. Susquehanna dropped their price objective on JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, April 5th. Loop Capital cut their price target on JD.com from $26.00 to $24.00 and set a “hold” rating for the company in a report on Friday, April 5th. Finally, Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of JD.com in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus target price of $35.60.

About JD.com

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.