Prosus shares rally on stock buyback plan, JD.com sale

Shares of holding company Prosus /zigman2/quotes/214038022/delayed NL:PRX -5.21% surged 15% in Amsterdam trade after announcing a stock buyback program funded by the sale of Tencent /zigman2/quotes/204605823/delayed HK:700 -0.13% shares and saying it sold its entire JD.com /zigman2/quotes/205122565/composite JD -1.78% stake for $3.7 billion. Prosus and parent Naspers say that if the stock buyback plan had been in existence over the past three months, the resulting Tencent shares would averaged between 3% and 5% of average daily traded volumes. Prosus holds 29% of Tencent.

/zigman2/quotes/214038022/delayed

Add to watchlist NL:PRX

Prosus N.V.

NL : Netherlands: Euronext Amsterdam

€ 27.37

-1.51 -5.21%

Volume: 2.99M

Sept. 21, 2023 5:55p

P/E Ratio

3.86

Dividend Yield

0.26%

Market Cap

€96.32 billion

Rev. per Employee

€244,918

/zigman2/quotes/204605823/delayed

Add to watchlist HK:700

Tencent Holdings Ltd.

HK : Hong Kong

$ 302.60

-0.40 -0.13%

Volume: 2.94M

Sept. 22, 2023 9:43a

P/E Ratio

13.27

Dividend Yield

0.79%

Market Cap

$2929.12 billion

Rev. per Employee

$6.07M

/zigman2/quotes/205122565/composite

Add to watchlist JD

JD.com Inc. ADR

US : U.S.: Nasdaq

$ 29.81

-0.54 -1.78%

Volume: 9.40M

Sept. 21, 2023 4:00p

P/E Ratio

15.03

Dividend Yield

2.01%

Market Cap

$48.03 billion

Rev. per Employee

$340,768