JD.com, Inc. (NASDAQ:JD) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in JD.com, Inc. (NASDAQ:JD) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 338,046 shares of the information services provider’s stock after selling 79,700 shares during the period. New York State Common Retirement Fund’s holdings in JD.com were worth $9,766,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Harvest Fund Management Co. Ltd boosted its position in shares of JD.com by 0.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 39,941 shares of the information services provider’s stock valued at $1,163,000 after acquiring an additional 371 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in shares of JD.com by 10.0% during the 4th quarter. FNY Investment Advisers LLC now owns 5,500 shares of the information services provider’s stock worth $158,000 after buying an additional 502 shares during the last quarter. Private Advisor Group LLC raised its position in shares of JD.com by 4.7% during the 3rd quarter. Private Advisor Group LLC now owns 11,727 shares of the information services provider’s stock valued at $342,000 after buying an additional 528 shares during the period. abrdn plc lifted its holdings in JD.com by 1.2% in the fourth quarter. abrdn plc now owns 53,544 shares of the information services provider’s stock valued at $1,547,000 after acquiring an additional 659 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC grew its position in JD.com by 1.8% in the third quarter. SeaBridge Investment Advisors LLC now owns 42,097 shares of the information services provider’s stock worth $1,226,000 after acquiring an additional 730 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup lowered their price target on JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, January 25th. HSBC lifted their price target on shares of JD.com from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of JD.com in a report on Tuesday, April 16th. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Finally, Loop Capital decreased their price target on JD.com from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.60.

JD.com Stock Performance

Shares of JD opened at $29.27 on Thursday. The stock has a 50-day simple moving average of $26.25 and a 200-day simple moving average of $25.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $41.95. The stock has a market capitalization of $46.16 billion, a PE ratio of 13.74, a PEG ratio of 0.24 and a beta of 0.54.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, topping the consensus estimate of $0.56 by $4.74. The company had revenue of $306.08 billion during the quarter, compared to analysts’ expectations of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. On average, analysts predict that JD.com, Inc. will post 2.85 earnings per share for the current fiscal year.

JD.com Dividend Announcement

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

JD.com 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.