Barrow Hanley Mewhinney & Strauss LLC Sells 79,827 Shares of JD.com, Inc. (NASDAQ:JD)

Barrow Hanley Mewhinney & Strauss LLC cut its position in JD.com, Inc. (NASDAQ:JD) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,469,296 shares of the information services provider’s stock after selling 79,827 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.22% of JD.com worth $89,647,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC boosted its position in JD.com by 54.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 13,761 shares of the information services provider’s stock worth $398,000 after purchasing an additional 4,874 shares during the period. PNC Financial Services Group Inc. grew its stake 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 valued at $1,681,000 after buying an additional 10,306 shares in the last quarter. Hsbc Holdings PLC raised its holdings in JD.com by 66.9% during the 4th quarter. Hsbc Holdings PLC now owns 1,582,225 shares of the information services provider’s stock valued at $45,538,000 after acquiring an additional 634,416 shares during the period. Parallel Advisors LLC lifted its position in shares of JD.com by 20.1% during the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after acquiring an additional 686 shares in the last quarter. Finally, Contrarius Investment Management Ltd bought a new position in shares of JD.com in the fourth quarter worth $9,384,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD.com stock opened at $28.55 on Friday. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $35.69. The firm has a market capitalization of $45.03 billion, a P/E ratio of 13.04 and a beta of 0.39. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $26.56 and a two-hundred day simple moving average of $27.88.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. The company had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. JD.com’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. On average, equities analysts forecast that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JD has been the topic of a number of analyst reports. Susquehanna reiterated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research note on Monday, August 19th. Sanford C. Bernstein cut their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. JPMorgan Chase & Co. raised JD.com from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $33.00 to $36.00 in a report on Friday, August 16th. Barclays decreased their target price on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, JD.com has an average rating of “Moderate Buy” and an average price target of $36.93.

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.