Harvest Fund Management Co. Ltd Sells 33,892 Shares of JD.com, Inc. (NASDAQ:JD)

Harvest Fund Management Co. Ltd trimmed its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 84.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,049 shares of the information services provider’s stock after selling 33,892 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in JD.com were worth $175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its stake in shares of JD.com by 146.3% during the third quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider’s stock worth $51,000 after buying an additional 1,042 shares during the last quarter. Mizuho Securities Co. Ltd. increased its stake in JD.com by 468.8% in the third quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 1,500 shares in the last quarter. Spire Wealth Management increased its stake in JD.com by 81.3% in the third quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock valued at $63,000 after purchasing an additional 971 shares in the last quarter. CWM LLC increased its stake in JD.com by 69.3% in the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock valued at $85,000 after purchasing an additional 1,208 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA increased its stake in JD.com by 73.5% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock valued at $111,000 after purchasing an additional 1,631 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

Shares of JD opened at $28.16 on Thursday. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $41.95. The firm has a fifty day simple moving average of $25.69 and a 200 day simple moving average of $25.83. The stock has a market capitalization of $44.41 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.22 and a beta of 0.54. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14.

JD.com (NASDAQ:JD) last announced its earnings results on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, topping the consensus estimate of $0.56 by $4.74. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The business had revenue of $306.08 billion during the quarter, compared to analysts’ expectations of $300.21 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. Research analysts forecast that JD.com, Inc. will post 2.85 EPS for the current fiscal year.

JD.com Announces Dividend

The company also recently declared an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, April 5th will be given a dividend of $0.74 per share. This represents a yield of 2.99%. The ex-dividend date of this dividend is Thursday, April 4th. JD.com’s dividend payout ratio (DPR) is currently 34.74%.

Analysts Set New Price Targets

Several brokerages have commented on JD. Barclays lowered their target price on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Citigroup lowered their target price on shares of JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. JPMorgan Chase & Co. upped their target price on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, April 5th. HSBC upped their price target on shares of JD.com from $38.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

JD.com Profile

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.