Dodge & Cox Buys 86,300 Shares of JD.com, Inc. $JD

Key Points

• Dodge & Cox increased its stake in JD.com by 86,300 shares to 18,792,249 shares, representing about 1.31% of the company and valued at roughly $657.4 million at quarter-end.
• JD.com raised its annual dividend to $1.00 (up from $0.76), with an ex-dividend date of April 9 and a payout ratio of about 55.7%.
• Analysts are mixed but the consensus rating is a “Moderate Buy” with a $36.36 price target; the stock has a market cap of ~$40.6 billion and a P/E of 16.1.

Dodge & Cox boosted its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,792,249 shares of the information services provider's stock after buying an additional 86,300 shares during the period. Dodge & Cox owned approximately 1.31% of JD.com worth $657,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new position in JD.com during the third quarter valued at $35,000. Assetmark Inc. lifted its holdings in shares of JD.com by 62.0% in the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider's stock worth $36,000 after acquiring an additional 399 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of JD.com by 657.9% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider's stock worth $40,000 after purchasing an additional 1,000 shares during the period. Union Bancaire Privee UBP SA grew its holdings in JD.com by 136.0% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider's stock valued at $41,000 after purchasing an additional 680 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in JD.com by 158.4% during the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider's stock valued at $44,000 after purchasing an additional 830 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Price Performance

JD.com stock opened at $28.32 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.22 and a quick ratio of 0.91. The stock has a market cap of $40.57 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 8.62 and a beta of 0.41. The firm has a 50-day moving average of $28.18 and a two-hundred day moving average of $30.50. JD.com, Inc. has a 1 year low of $24.51 and a 1 year high of $45.75.

JD.com Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, April 29th. Investors of record on Thursday, April 9th will be paid a $1.00 dividend. This represents a yield of 396.0%. This is an increase from JD.com's previous annual dividend of $0.76. The ex-dividend date of this dividend is Thursday, April 9th. JD.com's payout ratio is currently 55.68%.

Analysts Set New Price Targets

Several brokerages have issued reports on JD. Wall Street Zen downgraded shares of JD.com from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Nomura upped their target price on JD.com from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Monday, March 9th. Barclays reduced their price target on JD.com from $41.00 to $34.00 and set an "overweight" rating on the stock in a report on Monday, March 9th. UBS Group restated a "buy" rating on shares of JD.com in a report on Friday, March 6th. Finally, Weiss Ratings downgraded JD.com from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 6th. Eleven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.36.

JD.com Company 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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