abrdn plc Buys 19,155 Shares of JD.com, Inc. (NASDAQ:JD)

Posted by Defense World Staff on May 24th, 2023

abrdn plc increased its position in shares of JD.com, Inc. (NASDAQ:JD – Get Rating) by 53.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,729 shares of the information services provider’s stock after acquiring an additional 19,155 shares during the quarter. abrdn plc’s holdings in JD.com were worth $3,072,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JD. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of JD.com in the 1st quarter valued at approximately $81,000. Cetera Investment Advisers raised its holdings in shares of JD.com by 16.9% during the first quarter. Cetera Investment Advisers now owns 7,776 shares of the information services provider’s stock worth $450,000 after acquiring an additional 1,125 shares during the period. West Family Investments Inc. bought a new stake in JD.com in the 1st quarter valued at $340,000. Ergoteles LLC acquired a new position in JD.com in the 1st quarter worth $307,000. Finally, Federated Hermes Inc. increased its holdings in JD.com by 155.4% during 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 in the last quarter. Institutional investors and hedge funds own 17.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on JD shares. Loop Capital decreased their price objective on JD.com from $49.00 to $40.00 in a report on Wednesday, May 10th. BOCOM International cut shares of JD.com from a “buy” rating to a “neutral” rating in a report on Friday, March 10th. Benchmark lifted their price target on shares of JD.com from $68.00 to $72.00 in a research note on Friday, May 12th. Mizuho decreased their price objective on JD.com from $80.00 to $70.00 in a report on Tuesday, May 9th. Finally, StockNews.com began coverage on JD.com in a research report on Thursday, May 18th. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $60.17.

JD.com Trading Down 2.6 %

Shares of NASDAQ:JD opened at $35.04 on Wednesday. JD.com, Inc. has a 12-month low of $33.17 and a 12-month high of $68.29. The business has a 50 day moving average of $37.83 and a 200-day moving average of $48.78. The company has a quick ratio of 1.08, a current ratio of 1.36 and a debt-to-equity ratio of 0.11. The stock has a market cap of $47.85 billion, a PE ratio of 19.91 and a beta of 0.44.

JD.com (NASDAQ:JD – Get Rating) last issued its quarterly earnings data on Thursday, March 9th. The information services provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.17. JD.com had a return on equity of 9.63% and a net margin of 1.87%. The firm had revenue of $42.84 billion for the quarter, compared to analyst estimates of $43.18 billion. As a group, equities research analysts forecast that JD.com, Inc. will post 2.2 earnings per share for the current year.

JD.com Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Thursday, May 4th. Stockholders of record on Thursday, April 6th were issued a dividend of $0.62 per share. The ex-dividend date was Wednesday, April 5th. This represents a dividend yield of 1.5%. JD.com’s dividend payout ratio is presently 34.09%.

JD.com Company 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.