TCG Advisory Services LLC acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 46,403 shares of the information services provider's stock, valued at approximately $1,341,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in JD. Mirae Asset Global Investments Co. Ltd. boosted its holdings in JD.com by 13.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 623,748 shares of the information services provider's stock valued at $18,170,000 after purchasing an additional 72,278 shares during the period. Henry James International Management Inc. grew its position in JD.com by 16.3% during the third quarter. Henry James International Management Inc. now owns 22,491 shares of the information services provider's stock worth $655,000 after buying an additional 3,144 shares in the last quarter. SeaBridge Investment Advisors LLC increased its stake in JD.com by 1.8% in the 3rd quarter. SeaBridge Investment Advisors LLC now owns 42,097 shares of the information services provider's stock worth $1,226,000 after acquiring an additional 730 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of JD.com by 23.7% in the 3rd quarter. TD Asset Management Inc now owns 21,409 shares of the information services provider's stock valued at $624,000 after acquiring an additional 4,100 shares in the last quarter. Finally, ING Groep NV boosted its position in shares of JD.com by 88.3% during the 3rd quarter. ING Groep NV now owns 54,412 shares of the information services provider's stock valued at $1,585,000 after acquiring an additional 25,515 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.
JD.com Stock Performance
Shares of NASDAQ JD traded up $0.23 during midday trading on Friday, hitting $32.87. 11,366,600 shares of the company's stock traded hands, compared to its average volume of 11,265,004. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16. The stock has a market capitalization of $51.84 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 0.26 and a beta of 0.51. The firm has a fifty day moving average of $26.60 and a 200 day moving average of $25.93. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $41.95.
JD.com (NASDAQ:JD - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $4.74. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The business had revenue of $306.08 billion during the quarter, compared to analyst estimates of $300.21 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. JD.com's revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts forecast that JD.com, Inc. will post 2.85 earnings per share for the current year.
JD.com Announces Dividend
The firm also recently declared an annual dividend, which was paid on Monday, April 29th. Shareholders of record on Friday, April 5th were paid a $0.74 dividend. The ex-dividend date was Thursday, April 4th. This represents a yield of 2.99%. JD.com's payout ratio is presently 34.74%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. StockNews.com upgraded JD.com from a "hold" rating to a "buy" rating in a research report on Monday, April 8th. Mizuho upped their target price on JD.com from $32.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. Barclays decreased their price target on shares of JD.com from $45.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 31st. Nomura cut their price objective on shares of JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Finally, Susquehanna decreased their target price on shares of JD.com from $30.00 to $28.00 and set a "neutral" rating on the stock in a research report on Friday, April 5th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.60.
View Our Latest Research Report on JD
JD.com Company Profile
(
Free Report)
JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
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