HighTower Advisors LLC Boosts Holdings in JD.com, Inc. $JD

HighTower Advisors LLC lifted its stake in JD.com, Inc. (NASDAQ:JDFree Report) by 197.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,384,810 shares of the information services provider’s stock after buying an additional 918,880 shares during the quarter. HighTower Advisors LLC’s holdings in JD.com were worth $39,744,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Binnacle Investments Inc raised its position 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 during the last quarter. Assetmark Inc. raised its position in shares of JD.com by 62.0% in the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after purchasing an additional 399 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of JD.com by 657.9% in the 3rd quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. Wexford Capital LP purchased a new position in shares of JD.com in the 3rd quarter worth about $43,000. Finally, Strengthening Families & Communities LLC purchased a new position in JD.com in the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Nomura boosted their target price on JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Arete Research set a $37.00 target price on JD.com in a research report on Friday, April 17th. Benchmark boosted their target price on JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Bank of America reissued a “buy” rating and issued a $33.00 target price on shares of JD.com in a research report on Thursday, March 5th. Finally, Sanford C. Bernstein boosted their target price on JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.77.

Check Out Our Latest Stock Analysis on JD.com

JD.com Price Performance

Shares of NASDAQ:JD opened at $31.47 on Friday. The business has a 50-day simple moving average of $29.82 and a two-hundred day simple moving average of $29.26. The firm has a market cap of $45.08 billion, a price-to-earnings ratio of 24.59 and a beta of 0.41. JD.com, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $36.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18.

JD.com (NASDAQ:JDGet Free Report) last released its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $45.79 billion during the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%. On average, analysts expect that JD.com, Inc. will post 2.66 earnings per share for the current year.

JD.com Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, April 29th. Shareholders of record on Thursday, April 9th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, April 9th. This represents a dividend yield of 353.0%. This is an increase from JD.com’s previous annual dividend of $0.76. JD.com’s dividend payout ratio is presently 76.56%.

About JD.com

(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

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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