NewEdge Wealth LLC Makes New Investment in JD.com, Inc. $JD

NewEdge Wealth LLC acquired a new position in JD.com, Inc. (NASDAQ:JD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 154,827 shares of the information services provider’s stock, valued at approximately $4,444,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aurora Investment Managers LLC. lifted its position in shares of JD.com by 24.6% during the 3rd quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock valued at $9,427,000 after buying an additional 53,223 shares in the last quarter. Patient Capital Management LLC lifted its position in shares of JD.com by 6.8% during the 3rd quarter. Patient Capital Management LLC now owns 842,937 shares of the information services provider’s stock valued at $29,486,000 after buying an additional 53,810 shares in the last quarter. Todd Asset Management LLC lifted its position in shares of JD.com by 8.3% during the 3rd quarter. Todd Asset Management LLC now owns 1,116,629 shares of the information services provider’s stock valued at $39,060,000 after buying an additional 85,331 shares in the last quarter. Nan Fung Trinity HK Ltd. purchased a new position in shares of JD.com during the 3rd quarter valued at approximately $16,815,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of JD.com during the 3rd quarter valued at approximately $22,096,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Trading Up 1.3%

Shares of JD stock opened at $30.53 on Tuesday. The stock’s fifty day moving average is $28.90 and its two-hundred day moving average is $29.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.22. The firm has a market capitalization of $43.74 billion, a P/E ratio of 17.35, a PEG ratio of 8.28 and a beta of 0.41. JD.com, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $38.08.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Saturday, February 14th. The information services provider reported $0.04 earnings per share for the quarter. The company had revenue of $50.35 billion for the quarter. JD.com had a return on equity of 7.56% and a net margin of 1.48%. Research analysts expect that JD.com, Inc. will post 2.66 earnings per share for the current fiscal year.

JD.com Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Arete Research set a $37.00 target price on JD.com in a research report on Friday, April 17th. Morgan Stanley increased their target price on JD.com from $22.00 to $25.00 and gave the company an “underweight” rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Benchmark reiterated a “buy” rating on shares of JD.com in a research report on Friday, March 6th. Finally, Barclays raised their price objective on JD.com from $34.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, April 14th. Eleven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus price target of $37.38.

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.