Mirae Asset Global Investments Co. Ltd. Decreases Holdings in JD.com, Inc. (NASDAQ:JD)

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 70.0% in the 4th quarter, HoldingsChannel reports. The firm owned 186,930 shares of the information services provider’s stock after selling 436,818 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in JD.com were worth $5,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Discerene Group LP purchased a new stake in JD.com in the 3rd quarter worth about $46,889,000. Price T Rowe Associates Inc. MD purchased a new stake in JD.com during the first quarter valued at about $56,120,000. Morgan Stanley lifted its holdings in JD.com by 15.8% during the third quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider’s stock valued at $270,267,000 after purchasing an additional 1,265,995 shares during the last quarter. Sculptor Capital LP purchased a new stake in JD.com during the first quarter valued at about $71,389,000. Finally, Assenagon Asset Management S.A. purchased a new stake in JD.com during the fourth quarter valued at about $35,504,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Susquehanna dropped their price objective on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Barclays dropped their price objective on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. Benchmark decreased their price target on JD.com from $67.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 5th. Finally, HSBC upped their price target on JD.com from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.07.

JD.com Stock Performance

NASDAQ:JD opened at $25.42 on Tuesday. The firm has a market cap of $40.09 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 0.20 and a beta of 0.54. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $41.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16. The business has a 50 day moving average price of $25.20 and a 200-day moving average price of $25.93.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. The firm had revenue of $306.08 billion during the quarter, compared to analyst estimates of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Equities research analysts predict that JD.com, Inc. will post 2.85 earnings per share for the current year.

JD.com Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.74 per share. This represents a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, April 4th. JD.com’s dividend payout ratio (DPR) is presently 34.74%.

JD.com Profile

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 products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.