Pzena Investment Management LLC Acquires Shares of 14,965 JD.com, Inc. (NASDAQ:JD)

Pzena Investment Management LLC acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the 4th quarter, Holdings Channel.com reports. The fund acquired 14,965 shares of the information services provider’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in JD.com by 15.8% in the 3rd 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. National Bank of Canada FI lifted 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 purchasing an additional 3,305,956 shares in the last quarter. Federated Hermes Inc. lifted its holdings in JD.com by 26.7% in the 4th quarter. Federated Hermes Inc. now owns 2,912,109 shares of the information services provider’s stock worth $84,131,000 after purchasing an additional 613,126 shares in the last quarter. Wellington Management Group LLP lifted its holdings 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 worth $71,414,000 after purchasing an additional 72,595 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of JD.com by 52.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,009,990 shares of the information services provider’s stock worth $57,867,000 after acquiring an additional 695,537 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on JD shares. Mizuho upped their price objective on JD.com from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 17th. StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on JD.com from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Bank of America boosted their target price on JD.com from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Susquehanna cut their target price on JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.47.

JD.com Stock Down 2.8 %

Shares of JD traded down $0.90 during midday trading on Thursday, reaching $31.78. 7,565,567 shares of the stock were exchanged, compared to its average volume of 14,582,423. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $41.95. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $28.95 and its two-hundred day moving average is $26.63. The company has a market capitalization of $50.12 billion, a P/E ratio of 14.92, a PEG ratio of 0.62 and a beta of 0.51.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $4.74. The firm had revenue of $306.08 billion during the quarter, compared to analysts’ expectations of $300.21 billion. JD.com had a return on equity of 11.43% and a net margin of 2.26%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. On average, sell-side 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. Investors 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 of this dividend was Thursday, April 4th. JD.com’s dividend payout ratio (DPR) is currently 33.79%.

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.