Dodge & Cox recently announced the acquisition of new stake in JD.com Inc ADR (NASDAQ:JD). The institutional investor has increased its shareholding in the Consumer Cyclical company by 13.70% to 18.46 million shares with purchase of 2.22 million shares. This fresh investment now brings its stake to 1.34% valued currently at $506.4 million. In addition, Morgan Stanley & Co. LLC raised its holdings by 1.06 million to 7.07 million shares. And Yiheng Capital Management LP has lifted its position by 35.39% or 1.3 million shares – to 4.98 million shares.
With over 51.45 million JD.com Inc ADR (JD) shares trading Friday and a closing price of $27.41 on the day, the dollar volume was approximately $1.41 billion. The shares have shown a negative half year performance of -31.22% and its price on 12/15/23 gained nearly 4.46%. Currently, there are 1.38B common shares owned by the public and among those 1.36B shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 43 analysts who have offered their price forecasts for JD have a consensus price objective of $163.42. The analysts have set the share’s price value over the next 12 months at a high of $312.00 and a low of $96.00. The average price target is 37.45% above its recent price level and an upside to the estimated low will see the stock gain 71.45% over that period. But an upside of 91.21% will see the stock hit the forecast high price target while median target price for the stock is $155.89.
The top 3 mutual fund holders in JD.com Inc ADR are Government Pension Fund – Global, Dodge & Cox International Stock F, and Stichting Pensioenfonds ABP. Government Pension Fund – Global owns 17.54 million shares of the company’s stock, all valued at over $481.08 million. The company bought an additional 9.93 million shares recently to bring their total holdings to about 1.27% of the shares outstanding. Dodge & Cox International Stock F bought 2.05 million shares to see its total holdings expand to 14.12 million shares valued at over $387.36 million and representing 1.02% of the shares outstanding. Stichting Pensioenfonds ABP bought 6.37 million shares to bring its total holdings to over 9.22 million shares at a value of $252.95 million. Stichting Pensioenfonds ABP now owns shares totaling to 0.67% of the shares outstanding.
Shares of JD.com Inc ADR (NASDAQ: JD) opened at $27.59, up $1.35 from a prior closing price of $26.24. However, the script later moved the day high at 28.09, up 4.46%. The company’s stock has a 5-day price change of 3.63% and -11.92% over the past three months. JD shares are trading -51.17% year to date (YTD), with the 12-month market performance down to -53.20% lower. It has a 12-month low price of $24.01 and touched a high of $67.10 over the same period. JD has an average intraday trading volume of 11.93 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.97%, 1.92%, and -19.44% respectively.
Institutional ownership of JD.com Inc ADR (NASDAQ: JD) shares accounts for 16.42% of the company’s 1.38B shares outstanding. Mutual fund holders own 7.95%, while other institutional holders and individual stakeholders account for 8.40% and — respectively.
It has a market capitalization of $37.35B and a beta (3y monthly) value of 0.58. The stock’s trailing 12-month PE ratio is 12.89, while the earnings-per-share (ttm) stands at $2.13. The company has a PEG of 0.67 and a Quick Ratio of 1.10 with the debt-to-equity ratio at 0.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.86% over the week and 2.54% over the month.
Analysts forecast that JD.com Inc ADR (JD) will achieve an EPS of $0.67 for the current quarter, $0.74 for the next quarter and $3.31 for 2024. The lowest estimate earnings-per-share for the quarter is $0.53 while analysts give the company a high EPS estimate of $0.81. Comparatively, EPS for the current quarter was $0.7 a year ago. Earnings per share for the fiscal year are expected to increase by 20.77%, and 11.03% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 43 brokerage firm advisors rate JD.com Inc ADR (JD) as a “Strong Buy” at a consensus score of 1.60. Specifically, 28 Wall Street analysts polled rate the stock as a buy, while 11 of the 43 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the JD, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on November 01, 2023, with the firm’s price target at $40-$39.
