521 Shares in JD.com, Inc. (NASDAQ:JD) Purchased by James Investment Research Inc.

Posted by Defense World Staff on Apr 13th, 2023

James Investment Research Inc. bought a new position in shares of JD.com, Inc. (NASDAQ:JD – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 521 shares of the information services provider’s stock, valued at approximately $29,000.

Several other large investors have also recently added to or reduced their stakes in JD. Marshall Wace LLP lifted its position in JD.com by 461.2% during the third quarter. Marshall Wace LLP now owns 2,463,812 shares of the information services provider’s stock worth $123,931,000 after buying an additional 2,024,813 shares during the period. Sculptor Capital LP purchased a new position in shares of JD.com in the 1st quarter worth about $71,389,000. Assenagon Asset Management S.A. raised its holdings in shares of JD.com by 621.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,249,824 shares of the information services provider’s stock worth $70,153,000 after purchasing an additional 1,076,651 shares during the period. Federated Hermes Inc. raised its holdings in shares of JD.com by 155.4% in the 1st quarter. Federated Hermes Inc. now owns 1,513,562 shares of the information services provider’s stock worth $87,590,000 after purchasing an additional 920,886 shares during the period. Finally, Barclays PLC raised its holdings in shares of JD.com by 141.5% in the 3rd quarter. Barclays PLC now owns 921,891 shares of the information services provider’s stock worth $46,373,000 after purchasing an additional 540,123 shares during the period. 17.71% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of NASDAQ JD opened at $36.95 on Thursday. JD.com, Inc. has a fifty-two week low of $33.17 and a fifty-two week high of $68.29. The business has a 50 day moving average price of $45.57 and a two-hundred day moving average price of $50.61. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.11. The firm has a market cap of $50.04 billion, a PE ratio of 41.52 and a beta of 0.45.

JD.com Announces Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Thursday, May 4th. Shareholders of record on Thursday, April 6th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a yield of 1.5%. JD.com’s dividend payout ratio (DPR) is presently 67.42%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JD. BOCOM International downgraded JD.com from a “buy” rating to a “neutral” rating in a report on Friday, March 10th. Susquehanna cut their price objective on JD.com from $62.00 to $45.00 in a report on Monday, March 13th. Mizuho cut their price objective on JD.com from $85.00 to $80.00 in a report on Friday, March 10th. StockNews.com began coverage on JD.com in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Citigroup cut their price objective on JD.com from $83.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.25.

JD.com Profile

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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.