Dodge & Cox Purchases 86,300 Shares of JD.com, Inc. $JD

Dodge & Cox lifted its position in JD.com, Inc. (NASDAQ:JD) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,792,249 shares of the information services provider’s stock after buying an additional 86,300 shares during the period. Dodge & Cox’s holdings in JD.com were worth $657,353,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Banco BTG Pactual S.A. purchased a new position in JD.com during the 3rd quarter valued at about $3,498,000. Quadrature Capital Ltd lifted its position in shares of JD.com by 55.9% in the 3rd quarter. Quadrature Capital Ltd now owns 282,479 shares of the information services provider’s stock worth $9,878,000 after purchasing an additional 101,250 shares during the period. Quantitative Investment Management LLC bought a new position in shares of JD.com during the third quarter valued at approximately $1,157,000. Barometer Capital Management Inc. boosted its stake in shares of JD.com by 54.3% during the third quarter. Barometer Capital Management Inc. now owns 21,600 shares of the information services provider’s stock valued at $756,000 after purchasing an additional 7,600 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in JD.com by 17.5% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,840,591 shares of the information services provider’s stock valued at $134,344,000 after buying an additional 572,456 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Trading Up 1.4%

Shares of JD.com stock opened at $28.32 on Friday. The firm’s 50 day simple moving average is $28.18 and its two-hundred day simple moving average is $30.50. The firm has a market capitalization of $40.57 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 8.62 and a beta of 0.41. JD.com, Inc. has a 12-month low of $24.51 and a 12-month high of $45.75. 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 company also recently announced an annual dividend, which will be paid on Wednesday, April 29th. Investors of record on Thursday, April 9th will be given a $1.00 dividend. This represents a dividend yield of 396.0%. The ex-dividend date of this dividend is Thursday, April 9th. This is a positive change from JD.com’s previous annual dividend of $0.76. JD.com’s payout ratio is currently 55.68%.

Wall Street Analyst Weigh In

JD has been the subject of a number of recent research reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $38.00 price objective on shares of JD.com in a research note on Friday, November 14th. Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Citigroup reduced their price target on JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, January 2nd. Weiss Ratings cut JD.com from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Finally, Benchmark reaffirmed a “buy” rating on shares of JD.com 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.36.

JD.com Company 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.