Sargent Bickham Lagudis LLC Cuts Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Posted by on Apr 2nd, 2023

Sargent Bickham Lagudis LLC lowered its stake in JD.com, Inc. (NASDAQ:JD – Get Rating) by 25.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 976 shares of the information services provider’s stock after selling 326 shares during the quarter. Sargent Bickham Lagudis LLC’s holdings in JD.com were worth $55,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC raised its position in shares of JD.com by 3.0% during the 4th quarter. Gateway Investment Advisers LLC now owns 5,954 shares of the information services provider’s stock valued at $334,000 after purchasing an additional 176 shares during the period. E Fund Management Co. Ltd. boosted its position in JD.com by 3.8% in the 3rd quarter. E Fund Management Co. Ltd. now owns 6,503 shares of the information services provider’s stock valued at $327,000 after buying an additional 239 shares during the period. Kestra Advisory Services LLC raised its holdings in shares of JD.com by 3.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 10,832 shares of the information services provider’s stock valued at $545,000 after purchasing an additional 324 shares in the last quarter. ICICI Prudential Asset Management Co Ltd raised its holdings in shares of JD.com by 22.6% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 1,853 shares of the information services provider’s stock valued at $93,000 after purchasing an additional 342 shares in the last quarter. Finally, Live Oak Private Wealth LLC raised its holdings in shares of JD.com by 3.5% in the 3rd quarter. Live Oak Private Wealth LLC now owns 11,616 shares of the information services provider’s stock valued at $584,000 after purchasing an additional 388 shares in the last quarter. Hedge funds and other institutional investors own 17.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JD. Loop Capital lowered shares of JD.com from a “buy” rating to a “hold” rating and cut their price target for the company from $82.00 to $49.00 in a research note on Thursday. StockNews.com began coverage on shares of JD.com in a report on Thursday, March 16th. They set a “hold” rating on the stock. HSBC decreased their price objective on shares of JD.com from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, March 10th. Morgan Stanley reduced their target price on shares of JD.com from $74.00 to $66.00 in a research report on Friday, March 10th. Finally, BOCOM International lowered shares of JD.com from a “buy” rating to a “neutral” rating in a research note on Friday, March 10th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.00.

JD.com Stock Performance

JD opened at $43.89 on Friday. The business has a fifty day simple moving average of $48.93 and a 200-day simple moving average of $51.45. The firm has a market cap of $59.44 billion, a PE ratio of 49.32 and a beta of 0.48. JD.com, Inc. has a fifty-two week low of $33.17 and a fifty-two week high of $68.29. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.11.

JD.com Dividend Announcement

The business also recently announced a Variable dividend, which will be paid on Thursday, May 4th. Shareholders of record on Thursday, April 6th will be issued a dividend of $0.62 per share. The ex-dividend date is Wednesday, April 5th. This represents a yield of 1.5%.

About JD.com

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JD.com, Inc is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services.

Further Reading

Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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