KBC Group NV Reduces Holdings in JD.com, Inc. $JD

KBC Group NV trimmed its position in shares of JD.com, Inc. (NASDAQ:JD) by 8.6% in the 4th quarter, Holdings Channel reports. The firm owned 256,828 shares of the information services provider’s stock after selling 24,193 shares during the period. KBC Group NV’s holdings in JD.com were worth $7,371,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Channing Global Advisors LLC increased its position in shares of JD.com by 1.9% during the third quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock worth $605,000 after purchasing an additional 321 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in shares of JD.com by 6.0% during the third quarter. Aaron Wealth Advisors LLC now owns 6,630 shares of the information services provider’s stock worth $232,000 after purchasing an additional 374 shares in the last quarter. Assetmark Inc. increased its position in shares of JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after purchasing an additional 399 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of JD.com by 1.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 28,760 shares of the information services provider’s stock worth $1,006,000 after purchasing an additional 400 shares in the last quarter. Finally, Prelude Capital Management LLC increased its position in shares of JD.com by 1.0% during the third quarter. Prelude Capital Management LLC now owns 40,403 shares of the information services provider’s stock worth $1,413,000 after purchasing an additional 403 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JD has been the subject of several research reports. Bank of America reiterated a “buy” rating and set a $33.00 price target on shares of JD.com in a research report on Thursday, March 5th. Nomura upped their target price on JD.com from $37.00 to $40.00 and gave the company a “buy” rating in a report on Monday, March 9th. Sanford C. Bernstein upped their target price on JD.com from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday. Arete Research set a $37.00 target price on JD.com in a report on Friday. Finally, Barclays upped their target price on JD.com from $34.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.21.

JD.com Stock Up 0.9%

Shares of NASDAQ:JD opened at $31.60 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $28.13 and a two-hundred day moving average of $29.74. The stock has a market cap of $45.27 billion, a P/E ratio of 17.95, a PEG ratio of 8.91 and a beta of 0.36. JD.com, Inc. has a 52-week low of $24.51 and a 52-week high of $38.08.

JD.com (NASDAQ:JD) last issued its earnings results on Saturday, February 14th. The information services provider reported $0.04 earnings per share (EPS) for the quarter. The company 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%. On average, research analysts expect that JD.com, Inc. will post 3.91 earnings per share for the current year.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Thursday, April 9th will be issued a dividend of $1.00 per share. The ex-dividend date is 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 dividend payout ratio (DPR) is currently 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.