116,095 Shares in JD.com, Inc. (NASDAQ:JD) Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D acquired a new position in JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 116,095 shares of the information services provider’s stock, valued at approximately $3,354,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JD. CWM LLC lifted its holdings in shares of JD.com by 69.3% during the 4th quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock valued at $85,000 after purchasing an additional 1,208 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of JD.com by 53.8% during the 4th quarter. Signaturefd LLC now owns 13,779 shares of the information services provider’s stock valued at $398,000 after purchasing an additional 4,821 shares in the last quarter. abrdn plc lifted its holdings in shares of JD.com by 1.2% during the 4th quarter. abrdn plc now owns 53,544 shares of the information services provider’s stock valued at $1,547,000 after purchasing an additional 659 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of JD.com by 26.7% during the 4th quarter. Federated Hermes Inc. now owns 2,912,109 shares of the information services provider’s stock valued at $84,131,000 after purchasing an additional 613,126 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of JD.com during the 4th quarter valued at about $206,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Trading Up 6.1 %

Shares of JD.com stock opened at $30.34 on Friday. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $41.95. The stock has a market cap of $47.85 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.23 and a beta of 0.54. 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 business’s 50 day moving average is $25.91 and its 200-day moving average is $25.85.

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, topping analysts’ consensus estimates of $0.56 by $4.74. The company had revenue of $306.08 billion for the quarter, compared to analysts’ expectations of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 EPS. Equities research 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 announced an annual dividend, which will be paid on Monday, April 29th. Investors of record on Friday, April 5th will be issued a dividend of $0.74 per share. This represents a dividend yield of 2.99%. The ex-dividend date is Thursday, April 4th. JD.com’s payout ratio is presently 34.74%.

Wall Street Analyst Weigh In

Several research firms have commented on JD. Nomura cut their target price on JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Barclays cut their target price on JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. HSBC boosted their target price on JD.com from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Morgan Stanley restated an “equal weight” rating and issued a $27.00 target price on shares of JD.com in a research note on Thursday, April 18th. Finally, Loop Capital cut their target price 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 research 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.60.

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.