Cantor Fitzgerald L. P. Acquires 213,878 Shares of JD.com, Inc. $JD

Cantor Fitzgerald L. P. boosted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 423.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 264,426 shares of the information services provider’s stock after acquiring an additional 213,878 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in JD.com were worth $9,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Binnacle Investments Inc grew its stake in shares of 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. Stone House Investment Management LLC acquired a new stake in shares of JD.com in the third quarter valued at approximately $35,000. Assetmark Inc. raised its position in 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 lifted its holdings in JD.com by 657.9% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock worth $40,000 after buying an additional 1,000 shares in the last quarter. Finally, Union Bancaire Privee UBP SA lifted its holdings in JD.com by 136.0% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider’s stock worth $41,000 after buying an additional 680 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD.com stock opened at $28.32 on Friday. The firm has a fifty day moving average of $28.18 and a two-hundred day moving average of $30.49. The stock has a market capitalization of $40.57 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 8.74 and a beta of 0.41. JD.com, Inc. has a 52 week low of $24.51 and a 52 week high of $45.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.22.

JD.com Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Thursday, April 9th will be issued a dividend of $1.00 per share. This represents a yield of 396.0%. This is an increase from JD.com’s previous annual dividend of $0.76. The ex-dividend date is Thursday, April 9th. JD.com’s dividend payout ratio (DPR) is 55.68%.

Wall Street Analyst Weigh In

Several research firms have recently commented on JD. Arete Research set a $32.00 target price on JD.com in a research note on Tuesday, December 9th. Barclays cut their price target on JD.com from $41.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, March 9th. Weiss Ratings cut JD.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Wall Street Zen cut JD.com from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Morgan Stanley restated an “underweight” rating and set a $22.00 target price on shares of JD.com in a research report on Thursday, March 5th. Eleven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.36.

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.