abrdn plc Buys 659 Shares of JD.com, Inc. (NASDAQ:JD)

abrdn plc boosted its position in shares of JD.com, Inc. (NASDAQ:JD) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,544 shares of the information services provider’s stock after acquiring an additional 659 shares during the period. abrdn plc’s holdings in JD.com were worth $1,547,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. FinTrust Capital Advisors LLC boosted its position in shares of JD.com by 191.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 17,500 shares of the information services provider’s stock valued at $510,000 after acquiring an additional 11,500 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of JD.com by 11.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 46,248 shares of the information services provider’s stock valued at $1,336,000 after purchasing an additional 4,655 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of JD.com by 13.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 623,748 shares of the information services provider’s stock worth $18,170,000 after buying an additional 72,278 shares in the last quarter. Henry James International Management Inc. lifted its position in shares of JD.com by 16.3% during the 3rd quarter. Henry James International Management Inc. now owns 22,491 shares of the information services provider’s stock worth $655,000 after buying an additional 3,144 shares during the period. Finally, SeaBridge Investment Advisors LLC boosted its stake in JD.com by 1.8% in the 3rd quarter. SeaBridge Investment Advisors LLC now owns 42,097 shares of the information services provider’s stock valued at $1,226,000 after buying an additional 730 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

JD has been the subject of a number of analyst reports. Loop Capital cut their price objective on JD.com from $26.00 to $24.00 and set a “hold” rating for the company in a report on Friday, April 5th. Susquehanna reduced their price target on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, April 5th. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of JD.com in a report on Tuesday, April 16th. HSBC boosted their target price on JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, Citigroup dropped 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. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.60.

JD.com Stock Performance

JD.com stock opened at $29.89 on Tuesday. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $41.95. The company’s 50-day moving average is $26.02 and its two-hundred day moving average is $25.81. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The company has a market cap of $47.14 billion, a PE ratio of 14.03, a PEG ratio of 0.24 and a beta of 0.54.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. The firm had revenue of $306.08 billion for 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 business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. Equities analysts anticipate that JD.com, Inc. will post 2.85 earnings per share for the current year.

JD.com Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, April 29th. Shareholders of record on Friday, April 5th were paid a $0.74 dividend. This represents a yield of 2.99%. The ex-dividend date was Thursday, April 4th. JD.com’s payout ratio 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.