Morningstar Investment Management LLC Cuts Position in JD.com, Inc. $JD

Morningstar Investment Management LLC lessened its holdings in JD.com, Inc. (NASDAQ:JD) by 43.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,863 shares of the information services provider’s stock after selling 74,930 shares during the period. Morningstar Investment Management LLC’s holdings in JD.com were worth $2,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Dodge & Cox increased its stake in shares of JD.com by 0.5% in the 3rd quarter. Dodge & Cox now owns 18,792,249 shares of the information services provider’s stock valued at $657,353,000 after purchasing an additional 86,300 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of JD.com by 11.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,441,095 shares of the information services provider’s stock valued at $127,459,000 after purchasing an additional 463,033 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of JD.com by 17.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,840,591 shares of the information services provider’s stock valued at $134,344,000 after purchasing an additional 572,456 shares in the last quarter. SIH Partners LLLP increased its stake in shares of JD.com by 47.1% in the 3rd quarter. SIH Partners LLLP now owns 2,866,236 shares of the information services provider’s stock valued at $100,261,000 after purchasing an additional 917,569 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. increased its stake in JD.com by 21.3% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 2,244,062 shares of the information services provider’s stock worth $78,497,000 after buying an additional 394,738 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Ratings Changes

JD has been the subject of several research reports. Nomura boosted their price objective on JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded JD.com from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Susquehanna boosted their price objective on JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Sanford C. Bernstein boosted their price objective on JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.77.

JD.com Stock Performance

Shares of JD.com stock opened at $30.52 on Monday. The stock has a market cap of $43.72 billion, a P/E ratio of 23.84 and a beta of 0.41. The stock’s 50 day simple moving average is $29.87 and its 200-day simple moving average is $29.24. JD.com, Inc. has a 1-year low of $24.51 and a 1-year high of $36.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87.

JD.com (NASDAQ:JD) last issued its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. The business had revenue of $45.79 billion for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%. Analysts predict that JD.com, Inc. will post 2.66 EPS for the current fiscal year.

JD.com Increases Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 9th were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, April 9th. This represents a dividend yield of 353.0%. This is an increase from JD.com’s previous annual dividend of $0.76. JD.com’s payout ratio is presently 76.56%.

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.