National Bank of Canada FI Acquires 3,305,956 Shares of JD.com, Inc. (NASDAQ:JD)

National Bank of Canada FI raised its holdings in JD.com, Inc. (NASDAQ:JD) by 292.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,436,719 shares of the information services provider’s stock after purchasing an additional 3,305,956 shares during the quarter. National Bank of Canada FI owned approximately 0.28% of JD.com worth $120,679,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Morgan Stanley lifted its position in shares of JD.com by 15.8% during the third quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider’s stock worth $270,267,000 after purchasing an additional 1,265,995 shares in the last quarter. Federated Hermes Inc. lifted its holdings in JD.com by 26.7% during the 4th quarter. Federated Hermes Inc. now owns 2,912,109 shares of the information services provider’s stock worth $84,131,000 after buying an additional 613,126 shares in the last quarter. Wellington Management Group LLP boosted its position in JD.com by 3.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,451,549 shares of the information services provider’s stock valued at $71,414,000 after buying an additional 72,595 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of JD.com by 52.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,009,990 shares of the information services provider’s stock valued at $57,867,000 after buying an additional 695,537 shares during the period. Finally, Citigroup Inc. raised its position in shares of JD.com by 0.4% during the third quarter. Citigroup Inc. now owns 1,730,574 shares of the information services provider’s stock worth $50,412,000 after acquiring an additional 7,332 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Up 0.7 %

Shares of JD stock traded up $0.23 during trading on Friday, reaching $32.87. The company’s stock had a trading volume of 11,366,600 shares, compared to its average volume of 11,265,004. The company has a market cap of $51.84 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 0.26 and a beta of 0.51. JD.com, Inc. has a one year low of $20.82 and a one year high of $41.95. The business has a fifty day moving average price of $26.60 and a 200-day moving average price of $25.92. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, topping the consensus estimate of $0.56 by $4.74. The firm 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 company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. Analysts anticipate that JD.com, Inc. will post 2.85 earnings per share for the current year.

JD.com Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JD. The Goldman Sachs Group began coverage on JD.com in a report on Thursday, April 25th. They issued a “buy” rating and a $37.00 price target on the stock. HSBC boosted their price target on shares of JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Barclays reduced their price objective on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Mizuho upped their target price 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. Finally, Citigroup decreased their price objective 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. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.60.

JD.com Company 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.