Genesis Investment Management LLP Reduces Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Genesis Investment Management LLP lowered its stake in shares of JD.com, Inc. (NASDAQ:JD) by 33.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 661,632 shares of the information services provider’s stock after selling 331,424 shares during the period. JD.com accounts for 3.7% of Genesis Investment Management LLP’s investment portfolio, making the stock its 7th biggest holding. Genesis Investment Management LLP’s holdings in JD.com were worth $19,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of JD. Nordea Investment Management AB grew its stake in JD.com by 10.8% in 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 buying an additional 43,175 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of JD.com during the 3rd quarter worth $8,566,000. Platinum Investment Management Ltd. lifted its holdings 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 worth $15,944,000 after acquiring an additional 62,129 shares during the last quarter. Oaktree Capital Management LP lifted its holdings 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 worth $49,722,000 after acquiring an additional 695,180 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings 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 worth $21,350,000 after acquiring an additional 212,616 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JD shares. Loop Capital dropped their price objective on shares of JD.com from $26.00 to $24.00 and set a “hold” rating for the company in a report on Friday, April 5th. Nomura dropped their price objective on shares of JD.com from $36.00 to $33.00 in a report on Friday, April 5th. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of JD.com in a research note on Tuesday. StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. Finally, Susquehanna lowered their price target on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.07.

JD.com Trading Up 0.8 %

Shares of NASDAQ JD traded up $0.19 during midday trading on Wednesday, hitting $25.25. 2,371,924 shares of the company traded hands, compared to its average volume of 14,700,372. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $41.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16. The stock has a 50-day moving average price of $25.22 and a 200 day moving average price of $25.91. The firm has a market cap of $39.82 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.20 and a beta of 0.54.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $300.21 billion. During the same quarter in the previous year, the company earned $0.54 earnings per share. JD.com’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts expect that JD.com, Inc. will post 2.85 earnings per share for the current year.

JD.com Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, April 5th will be issued a $0.74 dividend. This represents a 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%.

JD.com Company Profile

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.