Van ECK Associates Corp Cuts Position in JD.com, Inc. (NASDAQ:JD)

Van ECK Associates Corp decreased its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,001 shares of the information services provider's stock after selling 30,240 shares during the period. Van ECK Associates Corp's holdings in JD.com were worth $4,854,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in JD. Harvest Fund Management Co. Ltd lifted its stake in JD.com by 0.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 39,941 shares of the information services provider's stock valued at $1,163,000 after buying an additional 371 shares during the period. FNY Investment Advisers LLC lifted its stake in JD.com by 10.0% in the fourth quarter. FNY Investment Advisers LLC now owns 5,500 shares of the information services provider's stock valued at $158,000 after buying an additional 502 shares during the period. Private Advisor Group LLC lifted its stake in JD.com by 4.7% in the third quarter. Private Advisor Group LLC now owns 11,727 shares of the information services provider's stock valued at $342,000 after buying an additional 528 shares during the period. abrdn plc lifted its stake in JD.com by 1.2% in the fourth quarter. abrdn plc now owns 53,544 shares of the information services provider's stock valued at $1,547,000 after buying an additional 659 shares during the period. Finally, SeaBridge Investment Advisors LLC lifted its stake in JD.com by 1.8% in the third quarter. SeaBridge Investment Advisors LLC now owns 42,097 shares of the information services provider's stock valued at $1,226,000 after buying an additional 730 shares during the period. Institutional investors own 15.98% of the company's stock.

JD.com Stock Performance

Shares of NASDAQ JD traded down $0.16 during midday trading on Monday, hitting $32.71. 7,999,794 shares of the company's stock were exchanged, compared to its average volume of 14,505,909. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $41.95. The company's 50 day moving average price is $26.60 and its 200 day moving average price is $25.92. The firm has a market capitalization of $51.59 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 0.26 and a beta of 0.51.

JD.com (NASDAQ:JD - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $4.74. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The firm had revenue of $306.08 billion for the quarter, compared to analyst estimates of $300.21 billion. During the same period in the prior year, the firm posted $0.54 EPS. The company's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, analysts predict that JD.com, Inc. will post 2.85 earnings per share for the current fiscal year.

JD.com Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, April 29th. Shareholders of record on Friday, April 5th were issued a $0.74 dividend. The ex-dividend date was Thursday, April 4th. This represents a yield of 2.99%. JD.com's dividend payout ratio is presently 34.74%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on JD shares. The Goldman Sachs Group started coverage on JD.com in a research report on Thursday, April 25th. They set a "buy" rating and a $37.00 price target on the stock. Morgan Stanley reaffirmed an "equal weight" rating and set a $27.00 price target on shares of JD.com in a research report on Thursday, April 18th. Mizuho raised their price target on JD.com from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. Nomura dropped their price target on JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. raised their price target on JD.com from $25.00 to $28.00 and gave the stock a "hold" rating in a research report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $35.60.

JD.com Company Profile

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.