JD.com, Inc. (NASDAQ:JD) Stock Position Decreased by Russell Investments Group Ltd.

Posted by Defense World Staff on May 12th, 2023

Russell Investments Group Ltd. lessened its holdings in shares of JD.com, Inc. (NASDAQ:JD – Get Rating) by 35.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 229,929 shares of the information services provider’s stock after selling 128,851 shares during the period. Russell Investments Group Ltd.’s holdings in JD.com were worth $12,934,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. State Street Corp grew its position in JD.com by 7.6% in the 3rd quarter. State Street Corp now owns 2,582,775 shares of the information services provider’s stock worth $129,990,000 after purchasing an additional 182,350 shares during the last quarter. Marshall Wace LLP grew its position in JD.com by 461.2% in the 3rd quarter. Marshall Wace LLP now owns 2,463,812 shares of the information services provider’s stock worth $123,931,000 after purchasing an additional 2,024,813 shares during the last quarter. TT International Asset Management LTD bought a new position in JD.com in the 4th quarter worth about $110,942,000. Federated Hermes Inc. grew its position in JD.com by 0.4% in the 3rd quarter. Federated Hermes Inc. now owns 1,695,867 shares of the information services provider’s stock worth $85,302,000 after purchasing an additional 7,098 shares during the last quarter. Finally, Genesis Investment Management LLP grew its position in JD.com by 8.9% in the 4th quarter. Genesis Investment Management LLP now owns 1,648,195 shares of the information services provider’s stock worth $92,513,000 after purchasing an additional 135,358 shares during the last quarter. Institutional investors own 17.71% of the company’s stock.

JD.com Stock Up 7.2 %

JD stock opened at $37.63 on Friday. JD.com, Inc. has a 12 month low of $33.17 and a 12 month high of $68.29. The firm has a market cap of $51.39 billion, a PE ratio of 42.28 and a beta of 0.44. The firm has a 50 day simple moving average of $39.06 and a 200 day simple moving average of $48.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.32 and a quick ratio of 1.02.

JD.com Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Thursday, May 4th. Investors of record on Thursday, April 6th were paid a dividend of $0.62 per share. This represents a yield of 1.5%. The ex-dividend date was Wednesday, April 5th. JD.com’s dividend payout ratio is presently 67.42%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group cut shares of JD.com from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $60.00 to $43.00 in a research report on Thursday, April 13th. Barclays decreased their price objective on shares of JD.com from $74.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, April 13th. HSBC decreased their price objective on shares of JD.com from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, March 10th. Loop Capital decreased their price objective on shares of JD.com from $49.00 to $40.00 in a report on Wednesday. Finally, Morgan Stanley decreased their price objective on shares of JD.com from $66.00 to $60.00 in a report on Tuesday, April 11th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $61.08.

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.