Assenagon Asset Management S.A. Grows Position in JD.com, Inc. $JD

Assenagon Asset Management S.A. lifted its position in shares of JD.com, Inc. (NASDAQ:JD) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,135,700 shares of the information services provider’s stock after purchasing an additional 85,139 shares during the quarter. Assenagon Asset Management S.A. owned about 0.08% of JD.com worth $32,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Channing Global Advisors LLC boosted its holdings in shares of JD.com by 1.9% during the 3rd quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock valued at $605,000 after buying an additional 321 shares in the last quarter. Aaron Wealth Advisors LLC boosted its stake in 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 acquiring an additional 374 shares in the last quarter. Assetmark Inc. grew its holdings in JD.com by 62.0% in 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 during the period. Vanguard Personalized Indexing Management LLC grew its holdings in JD.com by 1.4% in 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 during the period. Finally, Prelude Capital Management LLC increased its stake 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 valued at $1,413,000 after purchasing an additional 403 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

Shares of NASDAQ JD opened at $29.75 on Thursday. JD.com, Inc. has a twelve month low of $24.51 and a twelve month high of $43.38. The firm has a market cap of $42.62 billion, a P/E ratio of 16.90, a PEG ratio of 7.93 and a beta of 0.41. The company has a 50 day moving average of $27.93 and a 200 day moving average of $30.33. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of 0.21.

JD.com Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, April 29th. Investors of record on Thursday, April 9th will be issued a $1.00 dividend. This represents a yield of 396.0%. The ex-dividend date is Thursday, April 9th. This is a positive change from JD.com’s previous annual dividend of $0.76. JD.com’s dividend payout ratio is 55.68%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JD. Bank of America restated a “buy” rating and issued a $33.00 price target on shares of JD.com in a research note on Thursday, March 5th. Barclays lowered their price objective on JD.com from $41.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. Citigroup dropped their target price on JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, January 2nd. Nomura increased their target price on JD.com from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Finally, Arete Research set a $32.00 price target on JD.com in a report on Tuesday, December 9th. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.