Lakewood Capital Management LP Has $15.53 Million Stock Holdings in JD.com, Inc. $JD

Lakewood Capital Management LP boosted its position in JD.com, Inc. (NASDAQ:JD) by 29.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 443,850 shares of the information services provider’s stock after acquiring an additional 100,000 shares during the quarter. JD.com accounts for 1.2% of Lakewood Capital Management LP’s holdings, making the stock its 27th largest holding. Lakewood Capital Management LP’s holdings in JD.com were worth $15,526,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in shares of JD.com in the 4th quarter valued at $270,000. Empowered Funds LLC raised its holdings in shares of JD.com by 35.5% during the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock worth $800,000 after buying an additional 5,099 shares in the last quarter. Focus Partners Wealth lifted its position in shares of JD.com by 36.5% during the 1st quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock worth $1,184,000 after buying an additional 7,701 shares during the last quarter. Midwest Trust Co bought a new stake in shares of JD.com during the 2nd quarter worth $226,000. Finally, ProShare Advisors LLC boosted its stake in JD.com by 12.8% in the second quarter. ProShare Advisors LLC now owns 55,003 shares of the information services provider’s stock valued at $1,795,000 after buying an additional 6,258 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

JD.com Price Performance

JD.com stock opened at $28.32 on Friday. The stock has a 50-day moving average price of $28.18 and a two-hundred day moving average price of $30.50. JD.com, Inc. has a 12 month low of $24.51 and a 12 month high of $45.75. The company has a market capitalization of $40.57 billion, a PE ratio of 16.09, a P/E/G ratio of 8.62 and a beta of 0.41. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

JD.com Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, April 29th. Investors of record on Thursday, April 9th will be issued a $1.00 dividend. This is a boost from JD.com’s previous annual dividend of $0.76. The ex-dividend date is Thursday, April 9th. This represents a yield of 396.0%. JD.com’s dividend payout ratio (DPR) is 55.68%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JD. HSBC reissued a “buy” rating and set a $37.00 target price on shares of JD.com in a research note on Monday, December 29th. Arete Research set a $32.00 price target on shares of JD.com in a report on Tuesday, December 9th. Wall Street Zen cut shares of JD.com from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Nomura increased their price objective on shares of JD.com from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Susquehanna cut their target price on shares of JD.com from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $36.36.

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.