Fisher Asset Management LLC Has $95.62 Million Position in JD.com, Inc. $JD

Fisher Asset Management LLC lowered its position in JD.com, Inc. (NASDAQ:JD) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,331,848 shares of the information services provider’s stock after selling 41,956 shares during the quarter. Fisher Asset Management LLC owned approximately 0.23% of JD.com worth $95,624,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Binnacle Investments Inc lifted its stake in JD.com by 365.8% in the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 589 shares during the last quarter. Assetmark Inc. lifted its stake in JD.com by 62.0% in the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 399 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in JD.com by 657.9% in 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 acquiring an additional 1,000 shares during the last quarter. Wexford Capital LP acquired a new stake in JD.com in the third quarter valued at $43,000. Finally, Strengthening Families & Communities LLC acquired a new stake in JD.com in the fourth quarter valued at $49,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JD. Susquehanna increased their price target 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. Bank of America reiterated a “buy” rating and issued a $33.00 price target on shares of JD.com in a research note on Thursday, March 5th. Nomura increased their price target on shares of JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Sanford C. Bernstein raised their target price on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, Barclays raised their target price on shares of JD.com from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Ten 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.77.

JD.com Price Performance

NASDAQ:JD opened at $30.52 on Tuesday. JD.com, Inc. has a 52 week low of $24.51 and a 52 week high of $36.86. The firm has a market cap of $43.72 billion, a price-to-earnings ratio of 23.84 and a beta of 0.41. The firm’s 50-day simple moving average is $29.92 and its 200 day simple moving average is $29.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18.

JD.com (NASDAQ:JD) last released its quarterly 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 business had revenue of $45.79 billion for the quarter. As a group, sell-side analysts predict that JD.com, Inc. will post 2.66 earnings per share for the current year.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, April 29th. Investors of record on Thursday, April 9th were given a dividend of $1.00 per share. This is a positive change from JD.com’s previous annual dividend of $0.76. This represents a yield of 353.0%. The ex-dividend date of this dividend was Thursday, April 9th. JD.com’s payout ratio is 76.56%.

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.