JD.com, Inc. $JD Shares Sold by Profund Advisors LLC

Profund Advisors LLC reduced its position in JD.com, Inc. (NASDAQ:JD) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,267 shares of the information services provider’s stock after selling 20,117 shares during the period. Profund Advisors LLC’s holdings in JD.com were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its holdings in JD.com by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 53,045 shares of the information services provider’s stock worth $1,522,000 after acquiring an additional 3,429 shares in the last quarter. HighTower Advisors LLC increased its holdings in JD.com by 197.2% in the 4th quarter. HighTower Advisors LLC now owns 1,384,810 shares of the information services provider’s stock worth $39,744,000 after acquiring an additional 918,880 shares in the last quarter. Abacus Wealth Partners LLC purchased a new stake in JD.com in the 4th quarter worth $355,000. Northwestern Mutual Wealth Management Co. increased its holdings in JD.com by 1,172.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,636 shares of the information services provider’s stock worth $35,434,000 after acquiring an additional 1,137,592 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in JD.com by 24.3% in the 4th quarter. Allworth Financial LP now owns 2,275 shares of the information services provider’s stock worth $65,000 after acquiring an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on JD shares. Wall Street Zen raised shares of JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Sanford C. Bernstein boosted their price target on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Citigroup boosted their price target on shares of JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. UBS Group reissued a “buy” rating on shares of JD.com in a report on Friday, March 6th. Finally, Benchmark upped their target price on shares of JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.77.

JD.com Trading Up 2.5%

Shares of JD stock opened at $32.38 on Wednesday. The company’s 50-day moving average price is $29.65 and its 200-day moving average price is $29.28. JD.com, Inc. has a twelve month low of $24.51 and a twelve month high of $36.86. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The stock has a market cap of $46.39 billion, a price-to-earnings ratio of 25.30 and a beta of 0.41.

JD.com (NASDAQ:JD) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The company had revenue of $45.79 billion for the quarter. As a group, equities analysts predict that JD.com, Inc. will post 2.66 earnings per share for the current year.

JD.com Increases Dividend

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

About JD.com

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.