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Range Financial Group LLC Takes Position in JD.com, Inc. $JD

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Key Points

  • Range Financial Group LLC initiated a new position in JD.com, purchasing 62,366 shares in the fourth quarter worth about $1.79 million.
  • JD.com raised its annual dividend to $1.00 per share (up from $0.76), with an ex‑dividend/record date of April 9 and payment scheduled for April 29.
  • Analyst sentiment is a consensus "Moderate Buy" with an average price target of $36.36, based on 11 Buy, 4 Hold and 1 Sell ratings.
  • Interested in JD.com? Here are five stocks we like better.

Range Financial Group LLC bought a new position in JD.com, Inc. (NASDAQ:JD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 62,366 shares of the information services provider's stock, valued at approximately $1,790,000.

Several other hedge funds also recently made changes to their positions in the company. Binnacle Investments Inc boosted its position in JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider's stock valued at $26,000 after buying an additional 589 shares during the period. Stone House Investment Management LLC bought a new stake in JD.com in the 3rd quarter worth $35,000. Assetmark Inc. increased its position in shares of JD.com by 62.0% in the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider's stock valued at $36,000 after acquiring an additional 399 shares during the period. Golden State Wealth Management LLC increased its position in shares of 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 valued at $40,000 after acquiring an additional 1,000 shares during the period. Finally, Union Bancaire Privee UBP SA raised its stake in shares of 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 acquiring an additional 680 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JD has been the subject of a number of analyst reports. Citigroup dropped their target price on shares of JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a report on Friday, January 2nd. UBS Group restated a "buy" rating on shares of JD.com in a report on Friday, March 6th. Zacks Research raised JD.com from a "strong sell" rating to a "hold" rating in a research report on Monday, March 2nd. Arete Research set a $32.00 price objective on JD.com in a report on Tuesday, December 9th. Finally, Benchmark reiterated a "buy" rating on shares of JD.com in a research report on Friday, March 6th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.36.

View Our Latest Research Report on JD.com

JD.com Price Performance

Shares of JD stock opened at $28.94 on Tuesday. The stock has a market cap of $41.46 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 8.28 and a beta of 0.41. The business's fifty day moving average is $27.92 and its 200 day moving average is $30.20. JD.com, Inc. has a twelve month low of $24.51 and a twelve month high of $41.69. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of 0.21.

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. JD.com had a return on equity of 7.56% and a net margin of 1.48%.The business had revenue of $50.35 billion during the quarter. Research analysts expect that JD.com, Inc. will post 3.91 EPS for the current fiscal year.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, April 29th. Investors of record on Thursday, April 9th will be given a dividend of $1.00 per share. 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. This represents a yield of 396.0%. JD.com's dividend payout ratio is 55.68%.

Key Stories Impacting 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.

Further Reading

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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