HighTower Advisors LLC Buys 918,880 Shares of JD.com, Inc. $JD

HighTower Advisors LLC boosted its stake in JD.com, Inc. (NASDAQ:JD) by 197.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,384,810 shares of the information services provider’s stock after acquiring an additional 918,880 shares during the period. HighTower Advisors LLC owned 0.10% of JD.com worth $39,744,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Binnacle Investments Inc boosted its holdings 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 in the last quarter. Assetmark Inc. boosted its holdings 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 in the last quarter. Golden State Wealth Management LLC boosted its holdings 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 in the last quarter. Wexford Capital LP bought a new stake in JD.com in the third quarter valued at $43,000. Finally, Strengthening Families & Communities LLC bought a new stake in JD.com in the fourth quarter valued at $49,000. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD.com stock opened at $31.47 on Friday. 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 firm has a market capitalization of $45.08 billion, a P/E ratio of 24.59 and a beta of 0.41. The business has a fifty day simple moving average of $29.82 and a two-hundred day simple moving average of $29.26. JD.com, Inc. has a 12 month low of $24.51 and a 12 month high of $36.86.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. The business had revenue of $45.79 billion during the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%. On average, equities analysts forecast that JD.com, Inc. will post 2.66 earnings per share for the current fiscal year.

JD.com Increases Dividend

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

Wall Street Analyst Weigh In

JD has been the topic of several recent analyst reports. Nomura lifted their price target on shares of JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th. Arete Research set a $37.00 price objective on JD.com in a research report on Friday, April 17th. Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Barclays raised their price objective on JD.com from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, Citigroup raised their price objective on JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus target price of $38.77.

JD.com 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.