Fisher Asset Management LLC Has $95.62 Million Position in JD.com, Inc. $JD

Fisher Asset Management LLC cut its position in JD.com, Inc. (NASDAQ:JD) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,331,848 shares of the information services provider’s stock after selling 41,956 shares during the quarter. Fisher Asset Management LLC’s holdings in JD.com were worth $95,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of JD.com by 4.7% in the 4th quarter. Legal & General Group Plc now owns 1,545,460 shares of the information services provider’s stock valued at $44,346,000 after buying an additional 70,062 shares in the last quarter. Hantz Financial Services Inc. increased its position in JD.com by 59.3% during the 4th quarter. Hantz Financial Services Inc. now owns 27,160 shares of the information services provider’s stock worth $779,000 after purchasing an additional 10,111 shares in the last quarter. Prospera Financial Services Inc increased its position in JD.com by 15.5% during the 4th quarter. Prospera Financial Services Inc now owns 20,713 shares of the information services provider’s stock worth $594,000 after purchasing an additional 2,783 shares in the last quarter. Guinness Asset Management LTD increased its position in JD.com by 10.9% during the 4th quarter. Guinness Asset Management LTD now owns 5,443 shares of the information services provider’s stock worth $159,000 after purchasing an additional 533 shares in the last quarter. Finally, LSV Asset Management increased its position in JD.com by 155.0% during the 4th quarter. LSV Asset Management now owns 5,100 shares of the information services provider’s stock worth $146,000 after purchasing an additional 3,100 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

JD opened at $30.52 on Tuesday. JD.com, Inc. has a fifty-two week low of $24.51 and a fifty-two week 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. The firm has a market capitalization of $43.72 billion, a price-to-earnings ratio of 23.84 and a beta of 0.41. The company’s 50 day moving average price is $29.92 and its two-hundred day moving average price is $29.24.

JD.com (NASDAQ:JD) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share 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, research analysts predict that JD.com, Inc. will post 2.66 earnings per share for the current year.

JD.com Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Arete Research set a $37.00 price objective on shares of JD.com in a research report on Friday, April 17th. Citigroup upped their price objective on shares of JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Nomura upped their price objective on shares of JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Susquehanna upped their price objective on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Barclays upped their price objective on shares of JD.com from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.77.

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.