Ping Capital Management Inc. Makes New $1.21 Million Investment in JD.com, Inc. $JD

Ping Capital Management Inc. purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the 4th quarter, Holdings Channel reports. The fund purchased 42,000 shares of the information services provider’s stock, valued at approximately $1,205,000. JD.com comprises approximately 0.3% of Ping Capital Management Inc.’s portfolio, making the stock its 29th largest position.

A number of other large investors have also recently modified their holdings of the company. Binnacle Investments Inc grew its stake in JD.com by 365.8% in the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after purchasing an additional 589 shares in the last quarter. Stone House Investment Management LLC bought a new stake in JD.com during the 3rd quarter valued at $35,000. Assetmark Inc. raised its position in JD.com by 62.0% during the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 399 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of JD.com by 657.9% in the 3rd quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock worth $40,000 after buying an additional 1,000 shares during the period. Finally, Wexford Capital LP purchased a new stake in shares of JD.com in the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JD shares. Morgan Stanley raised their price target on JD.com from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. Barclays boosted their price target on shares of JD.com from $34.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, April 14th. UBS Group reaffirmed a “buy” rating on shares of JD.com in a research report on Friday, March 6th. Sanford C. Bernstein lifted their target price on JD.com from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings raised shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Eleven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.38.

JD.com Trading Down 1.2%

Shares of NASDAQ:JD opened at $29.96 on Friday. 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, Inc. has a 52-week low of $24.51 and a 52-week high of $38.08. The stock has a market cap of $42.92 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 8.34 and a beta of 0.36. The business has a 50-day moving average price of $28.60 and a 200-day moving average price of $29.48.

JD.com (NASDAQ:JD) last issued its earnings results on Saturday, February 14th. The information services provider reported $0.04 EPS for the quarter. JD.com had a return on equity of 7.56% and a net margin of 1.48%.The firm had revenue of $50.35 billion for the quarter. Equities analysts predict that JD.com, Inc. will post 2.66 EPS for the current year.

JD.com Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 9th were issued a $1.00 dividend. This is an increase from JD.com’s previous annual dividend of $0.76. The ex-dividend date of this dividend was Thursday, April 9th. This represents a dividend yield of 353.0%. JD.com’s payout ratio is currently 55.68%.

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.