Russell Investments Group Ltd. Has $57.87 Million Stock Position in JD.com, Inc. (NASDAQ:JD)

Russell Investments Group Ltd. increased its stake in shares of JD.com, Inc. (NASDAQ:JD) by 52.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,009,990 shares of the information services provider’s stock after acquiring an additional 695,537 shares during the quarter. Russell Investments Group Ltd.’s holdings in JD.com were worth $57,867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D bought a new position in shares of JD.com in the fourth quarter valued at about $3,354,000. CWM LLC lifted its holdings in JD.com by 69.3% during the 4th quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock worth $85,000 after buying an additional 1,208 shares in the last quarter. Signaturefd LLC boosted its position in JD.com by 53.8% in the 4th quarter. Signaturefd LLC now owns 13,779 shares of the information services provider’s stock valued at $398,000 after buying an additional 4,821 shares during the last quarter. abrdn plc increased its stake in shares of JD.com by 1.2% in the 4th quarter. abrdn plc now owns 53,544 shares of the information services provider’s stock valued at $1,547,000 after buying an additional 659 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of JD.com by 26.7% during the fourth quarter. Federated Hermes Inc. now owns 2,912,109 shares of the information services provider’s stock worth $84,131,000 after acquiring an additional 613,126 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JD shares. Citigroup reduced their target price on JD.com from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of JD.com in a report on Tuesday, April 16th. Barclays dropped their price objective on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. Morgan Stanley reiterated an “equal weight” rating and set a $27.00 price objective on shares of JD.com in a report on Thursday, April 18th. Finally, StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.60.

JD.com Trading Up 6.1 %

Shares of JD opened at $30.34 on Monday. JD.com, Inc. has a 52-week low of $20.82 and a 52-week 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 business’s fifty day moving average is $25.91 and its 200-day moving average is $25.79. The firm has a market cap of $47.85 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 0.24 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, 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 net margin of 2.22% and a return on equity of 10.87%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 earnings per share. Equities analysts anticipate that JD.com, Inc. will post 2.85 EPS for the current fiscal year.

JD.com Announces Dividend

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

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.