Cantor Fitzgerald L. P. Has $9.25 Million Position in JD.com, Inc. $JD

Cantor Fitzgerald L. P. raised its position in JD.com, Inc. (NASDAQ:JD) by 423.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 264,426 shares of the information services provider’s stock after purchasing an additional 213,878 shares during the period. Cantor Fitzgerald L. P.’s holdings in JD.com were worth $9,250,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of JD.com in the 4th quarter valued at $270,000. Empowered Funds LLC lifted its holdings in JD.com by 35.5% during the first quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock worth $800,000 after acquiring an additional 5,099 shares in the last quarter. Focus Partners Wealth grew its stake in JD.com by 36.5% in the first quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock valued at $1,184,000 after acquiring an additional 7,701 shares during the period. ProShare Advisors LLC increased its holdings in shares of JD.com by 12.8% in the second quarter. ProShare Advisors LLC now owns 55,003 shares of the information services provider’s stock worth $1,795,000 after acquiring an additional 6,258 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of JD.com by 158.4% in the second quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock worth $44,000 after acquiring an additional 830 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Up 1.4%

JD stock opened at $28.32 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.22 and a quick ratio of 0.91. The stock has a market capitalization of $40.57 billion, a P/E ratio of 16.09, a P/E/G ratio of 8.74 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 $45.75. The business has a 50-day moving average of $28.18 and a 200-day moving average of $30.49.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Thursday, April 9th will be given a dividend of $1.00 per share. This is an increase from JD.com’s previous annual dividend of $0.76. The ex-dividend date of this dividend is Thursday, April 9th. This represents a yield of 396.0%. JD.com’s payout ratio is currently 55.68%.

Analysts Set New Price Targets

Several research firms have recently weighed in on JD. Benchmark reiterated a “buy” rating on shares of JD.com in a report on Friday, March 6th. Morgan Stanley reissued an “underweight” rating and set a $22.00 target price on shares of JD.com in a research note on Thursday, March 5th. Barclays cut their price target on shares of JD.com from $41.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, March 9th. Arete Research set a $32.00 price target on shares of JD.com in a report on Tuesday, December 9th. Finally, Weiss Ratings downgraded shares of JD.com from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Eleven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.