JD.com, Inc. $JD Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in JD.com, Inc. (NASDAQ:JDFree Report) by 48.0% in the fourth quarter, HoldingsChannel reports. The fund owned 357,000 shares of the information services provider’s stock after selling 330,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in JD.com were worth $10,246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Binnacle Investments Inc lifted its stake in JD.com by 365.8% during the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 589 shares during the last quarter. Assetmark Inc. lifted its stake 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 during the last quarter. Golden State Wealth Management LLC lifted its stake 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 last quarter. Wexford Capital LP acquired a new stake in JD.com during the third quarter valued at approximately $43,000. Finally, Strengthening Families & Communities LLC acquired a new stake in JD.com during the fourth quarter valued at approximately $49,000. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on JD shares. Susquehanna increased their target price on shares of JD.com from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Citigroup increased their target price on shares of JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Sanford C. Bernstein increased their target price on shares of JD.com from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Arete Research set a $37.00 target price on shares of JD.com in a research note on Friday, April 17th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.77.

View Our Latest Analysis on JD

JD.com Stock Down 3.0%

JD stock opened at $31.47 on Friday. JD.com, Inc. has a 52-week low of $24.51 and a 52-week high of $36.86. The company’s 50 day simple moving average is $29.82 and its 200-day simple moving average is $29.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87. The firm has a market capitalization of $45.08 billion, a P/E ratio of 24.59 and a beta of 0.41.

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. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The business had revenue of $45.79 billion for the quarter. As a group, equities research analysts anticipate that JD.com, Inc. will post 2.66 EPS for the current year.

JD.com Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, April 29th. Shareholders of record on Thursday, April 9th were paid a $1.00 dividend. The ex-dividend date was Thursday, April 9th. This represents a yield of 353.0%. This is a boost from JD.com’s previous annual dividend of $0.76. JD.com’s dividend payout ratio (DPR) is currently 76.56%.

JD.com 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.

See Also

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

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