JD.com, Inc. (NASDAQ:JD) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp decreased its stake in shares of JD.com, Inc. (NASDAQ:JD) by 15.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 168,001 shares of the information services provider’s stock after selling 30,240 shares during the quarter. Van ECK Associates Corp’s holdings in JD.com were worth $4,854,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of JD.com by 13.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 623,748 shares of the information services provider’s stock worth $18,170,000 after buying an additional 72,278 shares during the last quarter. Henry James International Management Inc. lifted its holdings in shares of JD.com by 16.3% in the 3rd quarter. Henry James International Management Inc. now owns 22,491 shares of the information services provider’s stock worth $655,000 after acquiring an additional 3,144 shares during the last quarter. SeaBridge Investment Advisors LLC lifted its holdings in shares of JD.com by 1.8% in the 3rd quarter. SeaBridge Investment Advisors LLC now owns 42,097 shares of the information services provider’s stock worth $1,226,000 after acquiring an additional 730 shares during the last quarter. TD Asset Management Inc boosted its position in shares of JD.com by 23.7% during the 3rd quarter. TD Asset Management Inc now owns 21,409 shares of the information services provider’s stock worth $624,000 after purchasing an additional 4,100 shares during the period. Finally, ING Groep NV increased its holdings in JD.com by 88.3% in the 3rd quarter. ING Groep NV now owns 54,412 shares of the information services provider’s stock valued at $1,585,000 after purchasing an additional 25,515 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Trading Up 0.7 %

NASDAQ:JD opened at $32.87 on Monday. The stock has a 50-day simple moving average of $26.60 and a 200-day simple moving average of $25.92. JD.com, Inc. has a 1 year low of $20.82 and a 1 year 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. The stock has a market cap of $51.84 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.26 and a beta of 0.51.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $4.74. The company had revenue of $306.08 billion for the quarter, compared to analyst estimates of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. As a group, analysts anticipate that JD.com, Inc. will post 2.85 earnings per share for the current fiscal year.

JD.com Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on JD. Mizuho raised their price target on JD.com from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Citigroup lowered their target price on JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of JD.com in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Finally, The Goldman Sachs Group assumed coverage on shares of JD.com in a research note on Thursday, April 25th. They set a “buy” rating and a $37.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.60.

About JD.com

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.