NewEdge Wealth LLC Makes New $4.44 Million Investment in JD.com, Inc. $JD

NewEdge Wealth LLC bought a new position in JD.com, Inc. (NASDAQ:JD) in the fourth quarter, Holdings Channel reports. The institutional investor bought 154,827 shares of the information services provider’s stock, valued at approximately $4,444,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dodge & Cox increased its stake in shares of JD.com by 0.5% in the 3rd quarter. Dodge & Cox now owns 18,792,249 shares of the information services provider’s stock worth $657,353,000 after acquiring an additional 86,300 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of JD.com by 11.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,441,095 shares of the information services provider’s stock worth $127,459,000 after acquiring an additional 463,033 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of JD.com by 17.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,840,591 shares of the information services provider’s stock worth $134,344,000 after acquiring an additional 572,456 shares during the last quarter. SIH Partners LLLP increased its stake in shares of JD.com by 47.1% in the 3rd quarter. SIH Partners LLLP now owns 2,866,236 shares of the information services provider’s stock worth $100,261,000 after acquiring an additional 917,569 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. increased its stake in shares of JD.com by 21.3% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 2,244,062 shares of the information services provider’s stock worth $78,497,000 after acquiring an additional 394,738 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JD has been the subject of a number of recent research reports. UBS Group reaffirmed a “buy” rating on shares of JD.com in a research note on Friday, March 6th. Barclays raised their target price on JD.com from $34.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 14th. Bank of America reaffirmed a “buy” rating and issued a $33.00 target price on shares of JD.com in a research note on Thursday, March 5th. Nomura raised their price objective on JD.com from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Finally, Wall Street Zen raised JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Eleven 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.38.

JD.com Stock Up 1.3%

Shares of NASDAQ:JD opened at $30.53 on Tuesday. The business has a 50-day moving average price of $28.90 and a 200 day moving average price of $29.33. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $43.74 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 8.28 and a beta of 0.41. JD.com, Inc. has a 12-month low of $24.51 and a 12-month high of $38.08.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Saturday, February 14th. The information services provider reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $50.35 billion during the quarter. JD.com had a return on equity of 7.56% and a net margin of 1.48%. Sell-side analysts expect that JD.com, Inc. will post 2.66 EPS for the current year.

JD.com Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, April 29th. Investors of record on Thursday, April 9th were issued a dividend of $1.00 per share. This is a positive change from JD.com’s previous annual dividend of $0.76. The ex-dividend date was Thursday, April 9th. This represents a yield of 353.0%. JD.com’s dividend payout ratio (DPR) is 55.68%.

JD.com Company Profile

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.