Fortis Group Advisors LLC Sells 65,904 Shares of JD.com, Inc. $JD

Fortis Group Advisors LLC reduced its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 88.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,802 shares of the information services provider’s stock after selling 65,904 shares during the period. Fortis Group Advisors LLC’s holdings in JD.com were worth $251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of JD. Binnacle Investments Inc lifted its position in shares of JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after buying an additional 589 shares during the last quarter. Assetmark Inc. lifted its position in shares of JD.com by 62.0% during the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after buying an additional 399 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of JD.com by 657.9% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock worth $40,000 after buying an additional 1,000 shares during the last quarter. Wexford Capital LP bought a new stake in shares of JD.com during the 3rd quarter worth $43,000. Finally, Strengthening Families & Communities LLC bought a new stake in shares of JD.com during the 4th quarter worth $49,000. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JD. Arete Research set a $37.00 price objective on JD.com in a research report on Friday, April 17th. Nomura upped their price objective on JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Bank of America restated a “buy” rating and set a $33.00 price objective on shares of JD.com in a research report on Thursday, March 5th. Citigroup upped their price objective on JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.77.

JD.com Trading Down 3.0%

JD opened at $31.47 on Friday. JD.com, Inc. has a twelve month low of $24.51 and a twelve month high of $36.86. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average of $29.82 and a 200-day moving average of $29.26. The stock has a market cap of $45.08 billion, a PE ratio of 24.59 and a beta of 0.41.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The company had revenue of $45.79 billion during the quarter. On average, sell-side analysts predict that JD.com, Inc. will post 2.66 EPS for the current year.

JD.com Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, April 29th. Investors of record on Thursday, April 9th were paid a dividend of $1.00 per share. This is an increase from JD.com’s previous annual dividend of $0.76. This represents a yield of 353.0%. The ex-dividend date of this dividend was Thursday, April 9th. JD.com’s payout ratio is 76.56%.

About JD.com

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.