Foresight Global Investors Inc. Buys 4,517 Shares of JD.com, Inc. (NASDAQ:JD)

Foresight Global Investors Inc. lifted its position in JD.com, Inc. (NASDAQ:JD) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,187 shares of the information services provider’s stock after acquiring an additional 4,517 shares during the quarter. Foresight Global Investors Inc.’s holdings in JD.com were worth $1,045,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in JD. National Bank of Canada FI boosted its holdings in JD.com by 292.4% in the 4th quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock worth $120,679,000 after buying an additional 3,305,956 shares during the period. Discerene Group LP purchased a new stake in shares of JD.com in the third quarter worth about $46,889,000. Morgan Stanley boosted its position in shares of JD.com by 15.8% in the third quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider’s stock valued at $270,267,000 after acquiring an additional 1,265,995 shares during the period. Assenagon Asset Management S.A. purchased a new position in JD.com during the fourth quarter valued at approximately $35,504,000. Finally, Federated Hermes Inc. lifted its stake in JD.com by 50.2% in the 3rd quarter. Federated Hermes Inc. now owns 2,298,983 shares of the information services provider’s stock worth $66,969,000 after purchasing an additional 768,001 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JD. Susquehanna dropped their target price on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, April 5th. The Goldman Sachs Group started coverage on shares of JD.com in a research report on Thursday, April 25th. They set a “buy” rating and a $37.00 price target on the stock. Mizuho boosted their price objective on shares of JD.com from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Loop Capital reduced their target price on shares of JD.com from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Finally, Nomura lowered their price target on shares of JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.60.

JD.com Stock Up 1.3 %

JD.com stock traded up $0.42 during trading hours on Thursday, hitting $32.37. The stock had a trading volume of 6,494,843 shares, compared to its average volume of 14,227,616. The stock has a market capitalization of $51.05 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 0.26 and a beta of 0.51. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is $27.12 and its 200-day moving average price is $26.07. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $41.95.

JD.com (NASDAQ:JD) last released its quarterly earnings data 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 company had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. JD.com’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. Equities research analysts anticipate that JD.com, Inc. will post 2.85 EPS for the current fiscal year.

JD.com Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, April 29th. Stockholders of record on Friday, April 5th were paid a $0.74 dividend. This represents a dividend yield of 2.99%. The ex-dividend date was Thursday, April 4th. 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.