SG Americas Securities LLC Reduces Stake in JD.com, Inc. (NASDAQ:JD)
SG Americas Securities LLC decreased its stake in shares of JD.com, Inc. (NASDAQ: J.D. – Get a rating) by 71.8% in the 1st quarter, Holdings Channel.com reports. The company held 31,735 shares of the information services provider after selling 80,975 shares during the period. SG Americas Securities LLC’s holdings in JD.com were worth $1,837,000 when it last filed with the SEC.
Other big investors have also been buying and selling shares of the company recently. Dodge & Cox increased its position in JD.com shares by 10.9% during the fourth quarter. Dodge & Cox now owns 10,765,249 shares of the information services provider worth $754,321,000 after acquiring an additional 1,055,400 shares last quarter. Fisher Asset Management LLC increased its position in JD.com shares by 7.7% during the fourth quarter. Fisher Asset Management LLC now owns 7,762,363 shares of the information services provider worth $543,909,000 after acquiring an additional 558,030 shares last quarter. Assenagon Asset Management SA increased its position in JD.com shares by 17,167.2% during the first quarter. Assenagon Asset Management SA now owns 5,622,191 shares of the information services provider worth $325,356,000 after acquiring an additional 5,589,631 shares last quarter. GQG Partners LLC increased its position in JD.com shares by 143.5% during the 4th quarter. GQG Partners LLC now owns 4,869,736 shares of the information services provider worth $341,177,000 after acquiring an additional 2,869,837 shares in the last quarter. Finally, Anatole Investment Management Ltd strengthened its position in JD.com shares by 14.9% during the 4th quarter. Anatole Investment Management Ltd now owns 4,677,991 shares of the information services provider worth $327,787,000 after acquiring an additional 607,142 shares last quarter. Hedge funds and other institutional investors own 31.57% of the company’s shares.
Analysts set new price targets
A number of brokerages have recently released reports on JD. CLSA reduced its target price on JD.com from $108.00 to $100.00 in a Wednesday, April 13 research report. Citigroup raised its target price on JD.com from $90.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, July 11. Benchmark lowered its target price on JD.com from $117.00 to $106.00 and set an “na” rating for the company in a Wednesday, May 18 research report. Mizuho reduced its target price on JD.com from $100.00 to $90.00 in a Monday, May 2 research report. Finally, JPMorgan Chase & Co. upgraded JD.com from an “underweight” rating to a “neutral” rating and raised its target price for the company from $40.00 to $58.00 in a report of research from Monday, May 16. One analyst has assigned the stock a sell rating, three have assigned a hold rating and eleven have assigned the stock a buy rating. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.87.
JD.com stock performance
Shares of J.D. Action opened at $62.98 on Tuesday. The company has a market capitalization of $84.88 billion, a price-earnings ratio of -61.75 and a beta of 0.45. The stock has a 50-day simple moving average of $60.23 and a 200-day simple moving average of $62.73. JD.com, Inc. has a 12-month low of $41.56 and a 12-month high of $92.69. The company has a current ratio of 1.32, a quick ratio of 1.01 and a debt ratio of 0.06.
JD.com (NASDAQ: J.D. – Get a rating) last reported results on Tuesday, May 17. The information services provider reported earnings per share (EPS) of $0.28 for the quarter, beating analysts’ consensus estimate of $0.18 by $0.10. JD.com had a positive return on equity of 3.95% and a negative net margin of 1.03%. The company posted revenue of $239.66 billion in the quarter, versus a consensus estimate of $235.73 billion. During the same period a year earlier, the company posted EPS of $0.22. The company’s revenue for the quarter increased 18.0% year over year. On average, stock analysts expect JD.com, Inc. to post EPS of 1.34 for the current year.
JD.com announces dividend
The company also recently disclosed a — dividend, which was paid on Tuesday, June 14. Investors of record on Friday, May 20 received a dividend of $1.26. The ex-dividend date was Thursday, May 19.
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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