Ping Capital Management Inc. Makes New $1.21 Million Investment in JD.com, Inc. $JD

Key Points

• Ping Capital Management acquired a new stake of 42,000 shares (~$1.21M) in JD.com during Q4, representing about 0.3% of its holdings and the firm's 29th-largest position.
• JD.com raised its annual dividend to $1.00 per share (paid Apr 29, up from $0.76), with a payout ratio of 55.68%, indicating a more shareholder-friendly stance.
• Analysts remain generally positive—MarketBeat shows a consensus of "Moderate Buy" with an average target of $37.38—while the stock trades around $29.96 and the company has a market cap near $42.9B.

Ping Capital Management Inc. acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 42,000 shares of the information services provider's stock, valued at approximately $1,205,000. JD.com makes up about 0.3% of Ping Capital Management Inc.'s holdings, making the stock its 29th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC purchased a new position in JD.com during the fourth quarter valued at $270,000. Empowered Funds LLC increased its holdings in JD.com by 35.5% in the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider's stock valued at $800,000 after acquiring an additional 5,099 shares during the last quarter. Focus Partners Wealth lifted its stake in JD.com by 36.5% in 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 boosted its holdings 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 valued at $4,461,000 after purchasing an additional 28,339 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of JD.com by 22.4% during the second quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider's stock valued at $2,147,000 after purchasing an additional 12,053 shares in the last quarter. Institutional investors own 15.98% of the company's stock.

JD.com Trading Down 1.2%

Shares of JD opened at $29.96 on Friday. The company's fifty day simple moving average is $28.60 and its 200-day simple moving average is $29.48. The company has a market cap of $42.92 billion, a P/E ratio of 17.02, a P/E/G ratio of 8.34 and a beta of 0.36. 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, Inc. has a twelve month low of $24.51 and a twelve month high of $38.08.

JD.com (NASDAQ:JD - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The information services provider reported $0.04 EPS for the quarter. JD.com had a net margin of 1.48% and a return on equity of 7.56%. The firm had revenue of $50.35 billion during the quarter. As a group, analysts expect that JD.com, Inc. will post 2.66 EPS for the current year.

JD.com Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on JD shares. Zacks Research raised JD.com from a "strong sell" rating to a "hold" rating in a report on Monday, March 2nd. UBS Group restated a "buy" rating on shares of JD.com in a report on Friday, March 6th. Benchmark reaffirmed a "buy" rating on shares of JD.com in a research note on Friday, March 6th. Arete Research set a $37.00 price objective on JD.com in a report on Friday, April 17th. Finally, Barclays increased their target price on JD.com from $34.00 to $41.00 and gave the company an "overweight" rating in a research report on Tuesday, April 14th. Eleven research 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. According to data from MarketBeat.com, JD.com presently has an average rating of "Moderate Buy" and an average target price 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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