abrdn plc Has $1.55 Million Stock Position in JD.com, Inc. (NASDAQ:JD)

abrdn plc lifted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,544 shares of the information services provider’s stock after buying an additional 659 shares during the period. abrdn plc’s holdings in JD.com were worth $1,547,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. grew its holdings in JD.com by 146.3% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider’s stock worth $51,000 after acquiring an additional 1,042 shares during the last quarter. Mizuho Securities Co. Ltd. raised its position in JD.com by 468.8% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock worth $53,000 after purchasing an additional 1,500 shares during the last quarter. Spire Wealth Management lifted its holdings in JD.com by 81.3% during the 3rd quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock worth $63,000 after buying an additional 971 shares during the period. Compagnie Lombard Odier SCmA grew its position in shares of JD.com by 73.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock valued at $111,000 after buying an additional 1,631 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd increased its stake in shares of JD.com by 30.8% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 4,035 shares of the information services provider’s stock valued at $118,000 after buying an additional 949 shares during the period. 15.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup reduced their target price on JD.com from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. Mizuho upped their price target on shares of JD.com from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Nomura lowered their price objective on JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. Finally, Morgan Stanley restated an “equal weight” rating and set a $27.00 target price on shares of JD.com in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.60.

JD.com Trading Down 1.5 %

NASDAQ JD opened at $29.89 on Tuesday. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $41.95. The business has a 50 day moving average price of $26.02 and a 200-day moving average price of $25.81. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. The company has a market cap of $47.14 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 0.24 and a beta of 0.54.

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, topping the consensus estimate of $0.56 by $4.74. The firm had revenue of $306.08 billion for the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. As a group, equities analysts expect that JD.com, Inc. will post 2.85 earnings per share for the current fiscal year.

JD.com Dividend Announcement

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

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider 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.