Alkeon Capital Management LLC Has $88.28 Million Position in JD.com, Inc. $JD

Alkeon Capital Management LLC lessened its stake in JD.com, Inc. (NASDAQ:JD) by 37.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,523,802 shares of the information services provider’s stock after selling 1,500,000 shares during the period. Alkeon Capital Management LLC owned about 0.18% of JD.com worth $88,283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JD. FengHe Fund Management Pte. Ltd. lifted its position in shares of JD.com by 106.7% in the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 215,000 shares of the information services provider’s stock worth $7,521,000 after purchasing an additional 111,000 shares during the period. Aurora Investment Managers LLC. boosted its stake in shares of JD.com by 24.6% in the 3rd quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock valued at $9,427,000 after purchasing an additional 53,223 shares during the last quarter. Creative Planning increased its position in shares of JD.com by 121.0% during the second quarter. Creative Planning now owns 378,068 shares of the information services provider’s stock worth $12,340,000 after buying an additional 206,985 shares during the period. Patient Capital Management LLC raised its stake in JD.com by 6.8% during the third quarter. Patient Capital Management LLC now owns 842,937 shares of the information services provider’s stock worth $29,486,000 after buying an additional 53,810 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in JD.com by 148.4% during the second quarter. Osaic Holdings Inc. now owns 261,269 shares of the information services provider’s stock worth $9,392,000 after buying an additional 156,069 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JD. Morgan Stanley reaffirmed an “underweight” rating and set a $22.00 price target on shares of JD.com in a research report on Thursday, March 5th. HSBC reiterated a “buy” rating and set a $37.00 price target on shares of JD.com in a report on Monday, December 29th. UBS Group reissued a “buy” rating on shares of JD.com in a research note on Friday, March 6th. Nomura upped their target price on JD.com from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Finally, Susquehanna decreased their target price on JD.com from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.36.

JD.com Stock Performance

JD opened at $28.32 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average price is $28.18 and its two-hundred day moving average price is $30.49. JD.com, Inc. has a 1-year low of $24.51 and a 1-year high of $45.75. The company has a market cap of $40.57 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 8.74 and a beta of 0.41.

JD.com Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.00 per share. This is an increase from JD.com’s previous annual dividend of $0.76. The ex-dividend date is Thursday, April 9th. This represents a yield of 396.0%. JD.com’s dividend payout ratio (DPR) is presently 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.