Teachers Retirement System of The State of Kentucky Trims Stake in JD.com, Inc. $JD

Key Points

• Teachers Retirement System of the State of Kentucky reduced its JD.com stake by 17.2%, selling 128,800 shares and now holds 618,560 shares valued at about $17.75 million.
• JD.com raised its annual dividend to $1.00 per share (up from $0.76), with an ex-dividend date of April 9 and payment scheduled for April 29.
• Analyst sentiment is cautiously positive: the stock has a consensus rating of Moderate Buy with an average target of $37.38 (11 Buys, 2 Holds, 2 Sells) and several firms recently lifting price targets.

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 17.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 618,560 shares of the information services provider's stock after selling 128,800 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in JD.com were worth $17,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Binnacle Investments Inc increased its stake 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 worth $26,000 after purchasing an additional 589 shares in the last quarter. Stone House Investment Management LLC purchased a new position in JD.com during the third quarter valued at $35,000. Assetmark Inc. lifted its position in JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider's stock valued at $36,000 after purchasing an additional 399 shares in the last quarter. Golden State Wealth Management LLC grew its holdings 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 purchasing an additional 1,000 shares during the period. Finally, Wexford Capital LP bought a new stake in JD.com during the third quarter valued at about $43,000. Institutional investors own 15.98% of the company's stock.

Wall Street Analysts Forecast Growth

JD has been the topic of several recent research reports. Nomura raised their price objective on JD.com from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday, March 9th. UBS Group reiterated a "buy" rating on shares of JD.com in a research note on Friday, March 6th. Zacks Research raised shares of JD.com from a "strong sell" rating to a "hold" rating in a report on Monday, March 2nd. Sanford C. Bernstein raised their target price on shares of JD.com from $34.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, April 16th. Finally, Morgan Stanley lifted their price target on shares of JD.com from $22.00 to $25.00 and gave the company an "underweight" rating in a report on Wednesday, April 15th. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.38.

JD.com Stock Performance

JD stock opened at $30.27 on Monday. JD.com, Inc. has a 1-year low of $24.51 and a 1-year high of $38.08. 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 company has a market capitalization of $43.36 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 8.32 and a beta of 0.36. The business has a 50 day simple moving average of $28.40 and a two-hundred day simple moving average of $29.52.

JD.com (NASDAQ:JD - Get Free Report) last announced its quarterly earnings data on Saturday, February 14th. The information services provider reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $50.35 billion during the quarter. JD.com had a net margin of 1.48% and a return on equity of 7.56%. Research analysts anticipate that JD.com, Inc. will post 2.66 EPS for the current fiscal year.

JD.com Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, April 9th. This is a positive change from JD.com's previous annual dividend of $0.76. This represents a yield of 353.0%. JD.com's dividend payout ratio is 55.68%.

About JD.com

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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