BNP Paribas Cuts Stake in JD.com, Inc. $JD

BNP Paribas lowered its position in shares of JD.com, Inc. (NASDAQ:JD) by 83.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,304 shares of the information services provider’s stock after selling 68,500 shares during the period. BNP Paribas’ holdings in JD.com were worth $382,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Binnacle Investments Inc raised its position in JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after buying an additional 589 shares during the last quarter. Assetmark Inc. increased 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 purchasing an additional 399 shares in the last quarter. Wexford Capital LP purchased a new position in shares of JD.com in the 3rd quarter valued at about $43,000. Strengthening Families & Communities LLC purchased a new position in shares of JD.com in the 4th quarter valued at about $49,000. Finally, Larson Financial Group LLC increased its holdings in shares of JD.com by 445.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,456 shares of the information services provider’s stock valued at $51,000 after purchasing an additional 1,189 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

JD opened at $30.15 on Wednesday. The company’s 50 day simple moving average is $30.03 and its 200 day simple moving average is $29.15. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18. JD.com, Inc. has a 1 year low of $24.51 and a 1 year high of $36.86. The stock has a market capitalization of $37.64 billion, a PE ratio of 23.55 and a beta of 0.39.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The firm had revenue of $45.79 billion for the quarter. As a group, sell-side analysts expect that JD.com, Inc. will post 2.66 EPS for the current year.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, April 29th. Investors of record on Thursday, April 9th were issued a $1.00 dividend. The ex-dividend date was Thursday, April 9th. This is a positive change from JD.com’s previous annual dividend of $0.76. This represents a yield of 353.0%. JD.com’s payout ratio is 76.56%.

Wall Street Analyst Weigh In

JD has been the subject of a number of research analyst reports. Arete Research set a $37.00 price target on shares of JD.com in a report on Friday, April 17th. Wall Street Zen upgraded shares of JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Sanford C. Bernstein increased their price target on shares of JD.com from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings raised shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Finally, Citigroup increased their price objective on shares of JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.50.

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.