Van ECK Associates Corp Sells 30,240 Shares of JD.com, Inc. (NASDAQ:JD)

Van ECK Associates Corp reduced its position in shares of JD.com, Inc. (NASDAQ:JD) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 168,001 shares of the information services provider’s stock after selling 30,240 shares during the quarter. Van ECK Associates Corp’s holdings in JD.com were worth $4,854,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its holdings in JD.com by 146.3% during the third quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider’s stock valued at $51,000 after purchasing an additional 1,042 shares during the period. Mizuho Securities Co. Ltd. raised its stake in JD.com by 468.8% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 1,500 shares during the period. Spire Wealth Management lifted its holdings in JD.com by 81.3% in the 3rd quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock worth $63,000 after purchasing an additional 971 shares in the last quarter. CWM LLC boosted its stake in JD.com by 69.3% in the 4th quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock worth $85,000 after purchasing an additional 1,208 shares during the period. Finally, Compagnie Lombard Odier SCmA grew its holdings in JD.com by 73.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock valued at $111,000 after buying an additional 1,631 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of NASDAQ:JD opened at $32.87 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average is $26.60 and its 200 day moving average is $25.92. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $41.95. The company has a market capitalization of $51.84 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 0.26 and a beta of 0.51.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, beating the consensus estimate of $0.56 by $4.74. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The company had revenue of $306.08 billion for the quarter, compared to the consensus estimate of $300.21 billion. During the same quarter in the prior year, the company posted $0.54 EPS. JD.com’s quarterly revenue was up 3.6% on a year-over-year basis. Research analysts predict that JD.com, Inc. will post 2.85 EPS for the current year.

JD.com Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, April 29th. Investors of record on Friday, April 5th were issued a dividend of $0.74 per share. The ex-dividend date was Thursday, April 4th. This represents a yield of 2.99%. JD.com’s payout ratio is 34.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JD. Barclays dropped their target price on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. HSBC lifted their target price on JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Citigroup cut their price target on JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Susquehanna decreased their price objective on JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Finally, Loop Capital reduced their price target on shares of JD.com from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.60.

JD.com Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.