National Bank of Canada FI Buys 3,305,956 Shares of JD.com, Inc. (NASDAQ:JD)

National Bank of Canada FI grew its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 292.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,436,719 shares of the information services provider’s stock after purchasing an additional 3,305,956 shares during the quarter. National Bank of Canada FI’s holdings in JD.com were worth $120,679,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Morgan Stanley lifted its holdings in JD.com by 15.8% during the 3rd quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider’s stock worth $270,267,000 after purchasing an additional 1,265,995 shares in the last quarter. Federated Hermes Inc. grew its position in JD.com by 26.7% during the fourth quarter. Federated Hermes Inc. now owns 2,912,109 shares of the information services provider’s stock valued at $84,131,000 after acquiring an additional 613,126 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of JD.com by 3.1% during the third quarter. Wellington Management Group LLP now owns 2,451,549 shares of the information services provider’s stock worth $71,414,000 after acquiring an additional 72,595 shares in the last quarter. Russell Investments Group Ltd. raised its position in JD.com by 52.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,009,990 shares of the information services provider’s stock worth $57,867,000 after purchasing an additional 695,537 shares during the period. Finally, Citigroup Inc. increased its holdings in shares of JD.com by 0.4% in the third quarter. Citigroup Inc. now owns 1,730,574 shares of the information services provider’s stock worth $50,412,000 after buying an additional 7,332 shares during the period. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Up 0.7 %

JD stock traded up $0.23 during midday trading on Friday, hitting $32.87. The stock had a trading volume of 11,366,600 shares, compared to its average volume of 11,265,004. The business has a 50-day moving average of $26.60 and a two-hundred day moving average of $25.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.90. The firm has a market cap of $51.84 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 0.26 and a beta of 0.51. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $41.95.

JD.com (NASDAQ:JD) last released its earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $4.74. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The firm had revenue of $306.08 billion for the quarter, compared to the consensus estimate of $300.21 billion. During the same period in the prior year, the firm earned $0.54 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts forecast 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 was paid on Monday, April 29th. Shareholders of record on Friday, April 5th were paid a dividend of $0.74 per share. This represents a dividend yield of 2.99%. The ex-dividend date was Thursday, April 4th. JD.com’s dividend payout ratio is 34.74%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JD shares. JPMorgan Chase & Co. boosted their price objective on JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Nomura dropped their price target on shares of JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. Morgan Stanley restated an “equal weight” rating and issued a $27.00 price objective on shares of JD.com in a research report on Thursday, April 18th. The Goldman Sachs Group initiated coverage on shares of JD.com in a report on Thursday, April 25th. They set a “buy” rating and a $37.00 target price for the company. Finally, 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.60.

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.