244,810 Shares in JD.com, Inc. $JD Purchased by AlphaStar Capital Management LLC

Key Points

• AlphaStar Capital Management LLC bought a new stake of 244,810 shares of JD.com (NASDAQ:JD) in the 4th quarter, worth about $7.03 million.
• Several other institutional investors also increased positions—institutions now own about 15.98% of the company—signaling growing institutional interest in JD.com.
• JD.com raised its annual dividend to $1.00 (from $0.76); the company has a market cap of ~$42.9 billion and a P/E of 17.02, while analysts rate the stock a "Moderate Buy" with an average price target of $37.38.

AlphaStar Capital Management LLC purchased a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 244,810 shares of the information services provider's stock, valued at approximately $7,026,000.

Several other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in shares of JD.com during the 4th quarter worth about $270,000. Empowered Funds LLC increased its position in shares of JD.com by 35.5% during the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider's stock worth $800,000 after purchasing an additional 5,099 shares in the last quarter. Focus Partners Wealth increased its position in shares of JD.com by 36.5% during the 1st quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider's stock worth $1,184,000 after purchasing an additional 7,701 shares in the last quarter. First Trust Advisors LP increased its position in shares of JD.com by 26.2% during the 2nd quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider's stock worth $4,461,000 after purchasing an additional 28,339 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of JD.com by 22.4% during the 2nd quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider's stock worth $2,147,000 after purchasing an additional 12,053 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Price Performance

Shares of JD stock opened at $29.96 on Friday. JD.com, Inc. has a 1 year low of $24.51 and a 1 year high of $38.08. The firm's 50 day moving average is $28.60 and its 200-day moving average is $29.46. The firm has a market capitalization of $42.92 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 8.24 and a beta of 0.41. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

JD.com (NASDAQ:JD - Get Free Report) last released its earnings results on Saturday, February 14th. The information services provider reported $0.04 EPS for the quarter. The company had revenue of $50.35 billion during the quarter. JD.com had a return on equity of 7.56% and a net margin of 1.48%. Sell-side analysts forecast that JD.com, Inc. will post 2.64 EPS for the current fiscal year.

JD.com Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 9th were paid a $1.00 dividend. This is an increase from JD.com's previous annual dividend of $0.76. The ex-dividend date of this dividend was Thursday, April 9th. This represents a dividend yield of 353.0%. JD.com's payout ratio is 55.68%.

Wall Street Analysts Forecast Growth

JD has been the topic of several recent analyst reports. Sanford C. Bernstein boosted their target price on JD.com from $34.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, April 16th. Weiss Ratings raised JD.com from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, April 27th. Nomura boosted their target price on JD.com from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, March 9th. Zacks Research raised JD.com from a "strong sell" rating to a "hold" rating in a report on Monday, March 2nd. Finally, Citigroup raised their target price on JD.com from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Tuesday, April 14th. Eleven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, JD.com currently has an average rating of "Moderate Buy" and an average price target of $37.38.

JD.com Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com's business model is its integrated logistics and fulfillment network.

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