BNP Paribas Increases Stock Position in JD.com, Inc. $JD

BNP Paribas grew its position in shares of JD.com, Inc. (NASDAQ:JD) by 861.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,804 shares of the information services provider’s stock after purchasing an additional 73,300 shares during the quarter. BNP Paribas’ holdings in JD.com were worth $2,869,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in shares of JD.com by 162.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 523,886 shares of the information services provider’s stock valued at $18,331,000 after purchasing an additional 324,433 shares during the period. Credit Agricole S A purchased a new stake in JD.com in the third quarter valued at approximately $1,952,000. Virtu Financial LLC purchased a new stake in JD.com in the third quarter valued at approximately $919,000. Equitable Holdings Inc. boosted its holdings in shares of JD.com by 24.8% in the third quarter. Equitable Holdings Inc. now owns 25,101 shares of the information services provider’s stock valued at $878,000 after acquiring an additional 4,985 shares during the period. Finally, Maple Rock Capital Partners Inc. boosted its holdings in shares of JD.com by 21.3% in the third quarter. Maple Rock Capital Partners Inc. now owns 2,244,062 shares of the information services provider’s stock valued at $78,497,000 after acquiring an additional 394,738 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Price Performance

Shares of NASDAQ JD opened at $28.32 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.22 and a quick ratio of 0.91. The stock has a fifty day moving average price of $28.18 and a 200 day moving average price of $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 PE ratio of 16.09, a P/E/G ratio of 8.17 and a beta of 0.41.

JD.com Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Thursday, April 9th will be given a dividend of $1.00 per share. This represents a yield of 396.0%. The ex-dividend date is Thursday, April 9th. This is an increase from JD.com’s previous annual dividend of $0.76. JD.com’s payout ratio is currently 55.68%.

Wall Street Analyst Weigh In

JD has been the topic of a number of recent research reports. Susquehanna cut their target price on shares of JD.com from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, March 9th. Morgan Stanley reiterated an “underweight” rating and set a $22.00 price target on shares of JD.com in a research note on Thursday, March 5th. HSBC restated a “buy” rating and issued a $37.00 price objective on shares of JD.com in a research note on Monday, December 29th. Benchmark reaffirmed a “buy” rating on shares of JD.com in a report on Friday, March 6th. Finally, Wall Street Zen downgraded shares of JD.com from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Eleven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.36.

About JD.com

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.