Gradient Investments LLC Buys 20,311 Shares of JD.com, Inc. $JD

Gradient Investments LLC increased its position in shares of JD.com, Inc. (NASDAQ:JD) by 61.1% during the 4th quarter, Holdings Channel reports. The fund owned 53,529 shares of the information services provider’s stock after buying an additional 20,311 shares during the quarter. Gradient Investments LLC’s holdings in JD.com were worth $1,536,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of JD. Channing Global Advisors LLC increased its stake in JD.com by 1.9% in the third quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock valued at $605,000 after purchasing an additional 321 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of JD.com by 6.0% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 6,630 shares of the information services provider’s stock valued at $232,000 after buying an additional 374 shares during the period. Assetmark Inc. grew its holdings in shares of JD.com by 62.0% in the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after buying an additional 399 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of JD.com by 1.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 28,760 shares of the information services provider’s stock valued at $1,006,000 after buying an additional 400 shares in the last quarter. Finally, Prelude Capital Management LLC increased its position in shares of JD.com by 1.0% in the 3rd quarter. Prelude Capital Management LLC now owns 40,403 shares of the information services provider’s stock valued at $1,413,000 after buying an additional 403 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on JD shares. Citigroup reduced 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. HSBC restated a “buy” rating and issued a $37.00 price target on shares of JD.com in a report on Monday, December 29th. Benchmark reiterated a “buy” rating on shares of JD.com in a report on Friday, March 6th. Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, 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. Eleven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.36.

JD.com Price Performance

Shares of NASDAQ JD opened at $27.54 on Tuesday. The firm has a market cap of $39.45 billion, a PE ratio of 15.65, a PEG ratio of 7.87 and a beta of 0.41. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. JD.com, Inc. has a 1-year low of $24.51 and a 1-year high of $43.38. The company has a fifty day moving average price of $27.98 and a 200 day moving average price of $30.36.

JD.com Increases Dividend

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

JD.com 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.