National Asset Management Inc. holds a $340,000 position in JD.com, Inc. (NASDAQ:JD)


National Asset Management Inc. reduced its stake in shares of JD.com, Inc. (NASDAQ: J.D.Get a rating) by 22.9% in the 1st quarter, Participation channel reports. The institutional investor held 5,865 shares of the information services provider after selling 1,741 shares during the quarter. National Asset Management Inc.’s holdings in JD.com were worth $340,000 at the end of the last quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JD. FNY Investment Advisers LLC increased its stake in JD.com by 442.3% during the 4th quarter. FNY Investment Advisers LLC now owns 22,430 shares of the information services provider worth $1,571,000 after purchasing an additional 18,294 shares during the period. AE Wealth Management LLC increased its holdings in JD.com by 11.0% during the 4th quarter. AE Wealth Management LLC now owns 3,763 shares of the information services provider worth $264,000 after purchasing 373 additional shares during the period. Bessemer Group Inc. increased its stake in JD.com shares by 136.7% in the 4th quarter. Bessemer Group Inc. now owns 3,550 shares of the information services provider valued at $249,000 after purchasing an additional 2,050 shares during the period. Allspring Global Investments Holdings LLC acquired a new stock position in JD.com in Q4, valued at approximately $7,047,000. Finally, Desjardins International Asset Management Inc. acquired a new stock position in JD.com in Q4 worth approximately $2,925,000. 31.57% of the shares are held by institutional investors and hedge funds.

Analyst upgrades and downgrades

A number of brokerages have recently released reports on JD. Mizuho lowered its price target on JD.com from $100.00 to $90.00 in a research note on Monday, May 2. Benchmark lowered its price target on JD.com from $117.00 to $106.00 and gave the stock an “na” rating in a Wednesday, May 18 research note. StockNews.com JD.com upgraded JD.com from a “sell” to a “hold” rating in a Thursday, May 26 research note. Citigroup raised its price target on JD.com from $90.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, July 11. Finally, JPMorgan Chase & Co. upgraded JD.com from an “underweight” rating to a “neutral” rating and raised its price target for the stock from $40.00 to $58.00 in a research note from Monday, May 16. Three analysts gave the stock a hold rating and eleven gave the stock a buy rating. According to MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.57.

JD.com stock performance

Shares of J.D. opened at $59.50 on Friday. The company has a debt ratio of 0.06, a quick ratio of 1.01 and a current ratio of 1.32. The stock has a 50-day moving average price of $60.99 and a two-hundred-day moving average price of $62.57. The company has a market capitalization of $80.19 billion, a P/E ratio of -58.33 and a beta of 0.45. JD.com, Inc. has a 52-week low of $41.56 and a 52-week high of $92.69.

JD.com (NASDAQ: J.D.Get a rating) last released its quarterly earnings data on Tuesday, May 17. The information services provider reported EPS of $0.28 for the quarter, beating analyst consensus estimates of $0.18 by $0.10. The company posted revenue of $239.66 billion in the quarter, versus analyst estimates of $235.73 billion. JD.com had a positive return on equity of 3.95% and a negative net margin of 1.03%. The company’s revenue for the quarter increased 18.0% year over year. During the same period of the previous year, the company posted EPS of $0.22. Stock analysts expect JD.com, Inc. to post 1.34 earnings per share for the current fiscal year.

JD.com announces dividend

The company also recently announced a — dividend, which was paid on Tuesday, June 14. Shareholders of record on Friday, May 20 received a dividend of $1.26. The ex-dividend date was Thursday, May 19.

About JD.com

(Get a rating)

JD.com, Inc provides supply chain-based technologies and services in the People’s Republic of China. The company offers computers, communication and consumer electronics products, as well as home appliances; and general merchandise including food, beverages and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and health products, books , automotive accessories, clothing and footwear, bags and jewelry.

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Institutional ownership by quarter for JD.com (NASDAQ:JD)



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