OVERSEA CHINESE BANKING Corp Ltd Invests $1.60 Million in JD.com, Inc. $JD

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of JD.com, Inc. (NASDAQ:JD) during the fourth quarter, Holdings Channel reports. The fund bought 54,792 shares of the information services provider’s stock, valued at approximately $1,604,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TD Waterhouse Canada Inc. raised its position in shares of JD.com by 149.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,490 shares of the information services provider’s stock worth $100,000 after purchasing an additional 2,090 shares during the period. Revisor Wealth Management LLC acquired a new stake in shares of JD.com during the fourth quarter worth $232,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of JD.com by 0.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,912 shares of the information services provider’s stock worth $1,633,000 after purchasing an additional 354 shares during the period. Quadrant Private Wealth Management LLC raised its position in shares of JD.com by 4.0% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 32,818 shares of the information services provider’s stock worth $942,000 after purchasing an additional 1,276 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its position in shares of JD.com by 381.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 83,093 shares of the information services provider’s stock worth $2,385,000 after purchasing an additional 65,829 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of JD stock opened at $30.61 on Thursday. The stock’s fifty day simple moving average is $28.29 and its 200-day simple moving average is $29.63. 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, Inc. has a 1-year low of $24.51 and a 1-year high of $38.08. The company has a market capitalization of $43.85 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 8.32 and a beta of 0.36.

JD.com (NASDAQ:JD) last issued its earnings results on Saturday, February 14th. The information services provider reported $0.04 EPS for the quarter. JD.com had a return on equity of 7.56% and a net margin of 1.48%.The firm had revenue of $50.35 billion for the quarter. On average, sell-side analysts predict that JD.com, Inc. will post 2.68 earnings per share for the current fiscal year.

JD.com Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Thursday, April 9th will be paid a $1.00 dividend. This represents a yield of 353.0%. This is an increase from JD.com’s previous annual dividend of $0.76. The ex-dividend date is Thursday, April 9th. JD.com’s dividend payout ratio is presently 55.68%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on JD shares. Morgan Stanley lifted their price target on JD.com from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday, April 15th. Susquehanna lowered their price target on JD.com from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, March 9th. Bank of America reiterated a “buy” rating and set a $33.00 price target on shares of JD.com in a report on Thursday, March 5th. Benchmark reiterated a “buy” rating on shares of JD.com in a report on Friday, March 6th. Finally, HSBC reiterated a “buy” rating and set a $37.00 price target on shares of JD.com in a report on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.38.

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.