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JD.com, Inc. $JD Shares Acquired by Exchange Traded Concepts LLC

JD.com logo with Retail/Wholesale background
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Key Points

  • Exchange Traded Concepts LLC increased its stake in JD.com by 21.6% to 211,139 shares valued at $6.06 million, while hedge funds and other institutional investors hold about 15.98% of the stock.
  • Analyst views are mixed: MarketBeat shows a consensus rating of Moderate Buy with a $36.36 target, even as several firms recently cut targets or downgraded the stock (e.g., Barclays to $34, Morgan Stanley underweight at $22, Wall Street Zen downgraded to sell).
  • Corporate moves include a raised annual dividend of $1.00 per share (ex-dividend April 9, payment April 29) and a proposed CNY‑denominated senior notes offering to raise proceeds, while JD’s planned Ceconomy acquisition faces an Austrian FDI clearance delay.
  • MarketBeat previews top five stocks to own in May.

Exchange Traded Concepts LLC lifted its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 21.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,139 shares of the information services provider's stock after purchasing an additional 37,490 shares during the period. Exchange Traded Concepts LLC's holdings in JD.com were worth $6,060,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Binnacle Investments Inc boosted its position in shares of JD.com by 365.8% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider's stock valued at $26,000 after purchasing an additional 589 shares during the period. Stone House Investment Management LLC acquired a new stake in JD.com during the 3rd quarter worth about $35,000. Assetmark Inc. raised its holdings in JD.com by 62.0% during the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider's stock worth $36,000 after buying an additional 399 shares during the period. Golden State Wealth Management LLC lifted its stake in JD.com by 657.9% during the third quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider's stock valued at $40,000 after buying an additional 1,000 shares in the last quarter. Finally, Union Bancaire Privee UBP SA lifted its stake in JD.com by 136.0% during the third quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider's stock valued at $41,000 after buying an additional 680 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on JD. Barclays dropped their target price on shares of JD.com from $41.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, March 9th. Morgan Stanley reaffirmed an "underweight" rating and issued a $22.00 price objective on shares of JD.com in a research note on Thursday, March 5th. Citigroup lowered their price objective on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, January 2nd. Wall Street Zen downgraded shares of JD.com from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Finally, HSBC restated a "buy" rating and issued a $37.00 target price on shares of JD.com in a report on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, JD.com has a consensus rating of "Moderate Buy" and a consensus target price of $36.36.

Read Our Latest Stock Analysis on JD

JD.com Price Performance

NASDAQ JD opened at $28.94 on Tuesday. 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 firm has a market capitalization of $41.46 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 8.28 and a beta of 0.41. The company has a 50 day simple moving average of $27.92 and a 200-day simple moving average of $30.20. JD.com, Inc. has a 52-week low of $24.51 and a 52-week high of $41.69.

JD.com (NASDAQ:JD - Get Free Report) last announced its quarterly earnings data on Saturday, February 14th. The information services provider reported $0.04 EPS for the quarter. The firm had revenue of $50.35 billion for the quarter. JD.com had a net margin of 1.48% and a return on equity of 7.56%. Equities research analysts predict that JD.com, Inc. will post 3.91 earnings per share for the current fiscal year.

JD.com Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Thursday, April 9th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, April 9th. This represents a dividend yield of 396.0%. This is an increase from JD.com's previous annual dividend of $0.76. JD.com's dividend payout ratio is presently 55.68%.

Trending Headlines about JD.com

Here are the key news stories impacting JD.com this week:

JD.com Company Profile

(Free Report)

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.

Recommended Stories

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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