Raymond James & Associates Sells 1,668 Shares of JD.com, Inc. (NASDAQ:JD)

Raymond James & Associates lessened its stake in JD.com, Inc. (NASDAQ:JD) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,680 shares of the information services provider’s stock after selling 1,668 shares during the quarter. Raymond James & Associates’ holdings in JD.com were worth $482,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its stake in shares of JD.com by 146.3% in the third quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider’s stock worth $51,000 after purchasing an additional 1,042 shares in the last quarter. Mizuho Securities Co. Ltd. lifted its position in shares of JD.com by 468.8% during the third quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock worth $53,000 after acquiring an additional 1,500 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of JD.com by 81.3% in the third quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock worth $63,000 after acquiring an additional 971 shares during the period. Compagnie Lombard Odier SCmA raised its stake in shares of JD.com by 73.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock valued at $111,000 after purchasing an additional 1,631 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd boosted its stake in JD.com by 30.8% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 4,035 shares of the information services provider’s stock worth $118,000 after purchasing an additional 949 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on JD shares. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of JD.com in a research note on Tuesday, April 16th. Barclays reduced their target price on JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $27.00 price target on shares of JD.com in a report on Thursday, April 18th. Nomura decreased their price objective on shares of JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. Finally, Loop Capital lowered their target price on shares of JD.com from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, JD.com has a consensus rating of “Moderate Buy” and an average target price of $35.60.

JD.com Price Performance

JD stock opened at $30.34 on Friday. The firm has a market cap of $47.85 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.23 and a beta of 0.54. The firm’s fifty day moving average is $25.91 and its 200 day moving average is $25.85. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $41.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. The firm had revenue of $306.08 billion for the quarter, compared to analysts’ expectations of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. Research analysts predict that JD.com, Inc. will post 2.85 earnings per share for the current year.

JD.com Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, April 5th will be issued a $0.74 dividend. This represents a dividend yield of 2.99%. The ex-dividend date is Thursday, April 4th. JD.com’s dividend payout ratio is 34.74%.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.