TCG Advisory Services LLC Acquires Shares of 46,403 JD.com, Inc. (NASDAQ:JD)

TCG Advisory Services LLC acquired a new position in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 46,403 shares of the information services provider’s stock, valued at approximately $1,341,000.

Several other institutional investors have also recently made changes to their positions in the business. Harvest Fund Management Co. Ltd boosted its holdings in JD.com by 0.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 39,941 shares of the information services provider’s stock worth $1,163,000 after buying an additional 371 shares in the last quarter. FNY Investment Advisers LLC grew its position in shares of JD.com by 10.0% during the 4th quarter. FNY Investment Advisers LLC now owns 5,500 shares of the information services provider’s stock valued at $158,000 after acquiring an additional 502 shares during the period. Private Advisor Group LLC increased its stake in shares of JD.com by 4.7% in the 3rd quarter. Private Advisor Group LLC now owns 11,727 shares of the information services provider’s stock valued at $342,000 after purchasing an additional 528 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of JD.com by 12.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,381 shares of the information services provider’s stock valued at $155,000 after purchasing an additional 602 shares in the last quarter. Finally, abrdn plc boosted its position in JD.com by 1.2% during the fourth quarter. abrdn plc now owns 53,544 shares of the information services provider’s stock worth $1,547,000 after purchasing an additional 659 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on JD. Citigroup lowered their price objective on JD.com from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. HSBC boosted their price target on JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. The Goldman Sachs Group started coverage on JD.com in a report on Thursday, April 25th. They issued a “buy” rating and a $37.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of JD.com in a report on Tuesday, April 16th. Finally, Mizuho increased their target price on shares of JD.com from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.60.

JD.com Stock Up 0.7 %

Shares of JD traded up $0.23 during midday trading on Friday, hitting $32.87. The company had a trading volume of 11,366,600 shares, compared to its average volume of 11,265,004. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $41.95. The firm has a market capitalization of $51.84 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.26 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16. The company’s 50-day simple moving average is $26.60 and its 200-day simple moving average is $25.93.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. The company had revenue of $306.08 billion for the quarter, compared to analysts’ expectations of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. JD.com’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. As a group, sell-side analysts expect that JD.com, Inc. will post 2.85 EPS for the current year.

JD.com Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, April 29th. Investors of record on Friday, April 5th were given a $0.74 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a yield of 2.99%. JD.com’s dividend payout ratio (DPR) is presently 34.74%.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.