Pzena Investment Management LLC Takes $432,000 Position in JD.com, Inc. (NASDAQ:JD)

Pzena Investment Management LLC purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,965 shares of the information services provider’s stock, valued at approximately $432,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aigen Investment Management LP raised its holdings in JD.com by 99.8% in the 4th quarter. Aigen Investment Management LP now owns 70,996 shares of the information services provider’s stock worth $2,051,000 after acquiring an additional 35,459 shares during the period. Crake Asset Management LLP raised its holdings in JD.com by 236.0% in the 4th quarter. Crake Asset Management LLP now owns 504,000 shares of the information services provider’s stock worth $14,561,000 after acquiring an additional 354,000 shares during the period. PNC Financial Services Group Inc. raised its holdings in JD.com by 21.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 58,197 shares of the information services provider’s stock worth $1,681,000 after acquiring an additional 10,306 shares during the period. Quadrant Capital Group LLC raised its holdings in JD.com by 131.4% in the 4th quarter. Quadrant Capital Group LLC now owns 18,174 shares of the information services provider’s stock worth $525,000 after acquiring an additional 10,319 shares during the period. Finally, Baader Bank Aktiengesellschaft raised its holdings in JD.com by 25.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 17,819 shares of the information services provider’s stock worth $509,000 after acquiring an additional 3,644 shares during the period. Institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

JD has been the topic of several research analyst reports. Bank of America raised their price target on shares of JD.com from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Nomura decreased their price target on shares of JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. HSBC raised their price target on shares of JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. The Goldman Sachs Group initiated coverage on shares of JD.com in a research report on Thursday, April 25th. They issued a “buy” rating and a $37.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of JD.com from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.47.

JD.com Stock Down 2.8 %

Shares of JD.com stock traded down $0.90 on Thursday, hitting $31.78. The company had a trading volume of 7,565,567 shares, compared to its average volume of 14,582,423. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $41.95. The stock has a 50-day moving average of $28.95 and a 200-day moving average of $26.63. The firm has a market capitalization of $50.12 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.62 and a beta of 0.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.90.

JD.com (NASDAQ:JD) last announced its 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. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The business had revenue of $306.08 billion during the quarter, compared to analysts’ expectations of $300.21 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. Research analysts predict that JD.com, Inc. will post 2.85 earnings per share for the current year.

JD.com Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, April 29th. Shareholders of record on Friday, April 5th were given 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 currently 33.79%.

About JD.com

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.