JD.com, Inc. $JD Shares Sold by CoreView Capital Management Ltd

Key Points

• CoreView Capital Management trimmed its stake in JD.com by 4.5% in Q3, selling 294,227 shares and leaving it with 6,197,455 shares valued at about $216.8 million, which makes JD.com 23.8% of CoreView's portfolio and its second-largest holding.
• JD.com increased its annual dividend to $1.00 from $0.76; the ex-dividend date is April 9 and the dividend will be paid on April 29, with the article noting a dividend payout ratio of 55.68%.
• Analyst consensus from the article is a "Moderate Buy" with a mean price target of $36.36 (11 Buy, 3 Hold, 2 Sell), and the stock is reported to have a market cap of about $40.6 billion and a P/E of 16.09.

CoreView Capital Management Ltd cut its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,197,455 shares of the information services provider's stock after selling 294,227 shares during the quarter. JD.com makes up 23.8% of CoreView Capital Management Ltd's portfolio, making the stock its 2nd largest holding. CoreView Capital Management Ltd owned about 0.43% of JD.com worth $216,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in JD.com during the 3rd quarter valued at approximately $35,000. Assetmark Inc. grew its stake 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 last quarter. Golden State Wealth Management LLC increased its position in JD.com by 657.9% in the third quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider's stock worth $40,000 after buying an additional 1,000 shares during the period. Union Bancaire Privee UBP SA increased its position in JD.com by 136.0% in the third quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider's stock worth $41,000 after buying an additional 680 shares during the period. Finally, Allworth Financial LP lifted its stake in JD.com by 158.4% in the second quarter. Allworth Financial LP now owns 1,354 shares of the information services provider's stock valued at $44,000 after buying an additional 830 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JD. Bank of America reissued a "buy" rating and set a $33.00 price target on shares of JD.com in a report on Thursday, March 5th. HSBC reaffirmed a "buy" rating and issued a $37.00 price objective on shares of JD.com in a report on Monday, December 29th. Wall Street Zen lowered shares of JD.com from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Benchmark restated a "buy" rating on shares of JD.com in a research report on Friday, March 6th. Finally, Citigroup dropped their price target on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Friday, January 2nd. Eleven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.36.

JD.com Stock Up 1.4%

JD.com stock opened at $28.32 on Friday. The stock has a market cap of $40.57 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 8.62 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. The company's 50-day moving average price is $28.18 and its two-hundred day moving average price is $30.50. JD.com, Inc. has a 52 week low of $24.51 and a 52 week high of $45.75.

JD.com Increases Dividend

The business 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 dividend of $1.00 per share. This is a boost from JD.com's previous annual dividend of $0.76. This represents a dividend yield of 396.0%. The ex-dividend date is Thursday, April 9th. JD.com's dividend payout ratio (DPR) is 55.68%.

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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