Range Financial Group LLC Takes $1.79 Million Position in JD.com, Inc. $JD

Range Financial Group LLC purchased a new position in JD.com, Inc. (NASDAQ:JDFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 62,366 shares of the information services provider’s stock, valued at approximately $1,790,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in JD. Brighton Jones LLC bought a new stake in JD.com in the fourth quarter worth $270,000. Empowered Funds LLC increased its holdings in shares of JD.com by 35.5% during the first quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock valued at $800,000 after acquiring an additional 5,099 shares in the last quarter. Focus Partners Wealth raised its position in shares of JD.com by 36.5% in the 1st quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock worth $1,184,000 after purchasing an additional 7,701 shares during the last quarter. Geode Capital Management LLC boosted its stake in JD.com by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 398,266 shares of the information services provider’s stock worth $12,999,000 after purchasing an additional 2,732 shares in the last quarter. Finally, American Century Companies Inc. grew its position in JD.com by 21.8% during the 2nd quarter. American Century Companies Inc. now owns 100,143 shares of the information services provider’s stock valued at $3,269,000 after purchasing an additional 17,949 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JD. Benchmark reaffirmed a “buy” rating on shares of JD.com in a report on Friday, March 6th. Nomura raised their price target on shares of JD.com from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Morgan Stanley restated an “underweight” rating and issued a $22.00 price objective on shares of JD.com in a report on Thursday, March 5th. Wall Street Zen downgraded JD.com from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, UBS Group reissued a “buy” rating on shares of JD.com in a report on Friday, March 6th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.36.

Read Our Latest Analysis on JD

JD.com Stock Performance

Shares of JD stock opened at $28.94 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $27.92 and a 200-day moving average price of $30.20. JD.com, Inc. has a 52 week low of $24.51 and a 52 week high of $41.69. The firm has a market capitalization of $41.46 billion, a PE ratio of 16.44, a P/E/G ratio of 8.28 and a beta of 0.41.

JD.com (NASDAQ:JDGet Free Report) last issued its earnings results on Saturday, February 14th. The information services provider reported $0.04 earnings per share (EPS) for the quarter. JD.com had a net margin of 1.48% and a return on equity of 7.56%. The company had revenue of $50.35 billion for the quarter. As a group, equities research analysts expect that JD.com, Inc. will post 3.91 earnings per share for the current year.

JD.com Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, April 29th. Investors of record on Thursday, April 9th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This is an increase from JD.com’s previous annual dividend of $0.76. This represents a dividend yield of 396.0%. JD.com’s dividend payout ratio is presently 55.68%.

Key JD.com News

Here are the key news stories impacting JD.com this week:

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.

Further Reading

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

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