Assenagon Asset Management S.A. Buys 85,139 Shares of JD.com, Inc. $JD

Assenagon Asset Management S.A. increased its stake in JD.com, Inc. (NASDAQ:JD) by 8.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,135,700 shares of the information services provider’s stock after buying an additional 85,139 shares during the period. Assenagon Asset Management S.A.’s holdings in JD.com were worth $32,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Dodge & Cox lifted its holdings in shares of JD.com by 0.5% during the 3rd quarter. Dodge & Cox now owns 18,792,249 shares of the information services provider’s stock valued at $657,353,000 after buying an additional 86,300 shares during the period. Marshall Wace LLP grew its holdings in shares of JD.com by 48.9% in the second quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock worth $174,166,000 after acquiring an additional 1,753,236 shares during the period. Federated Hermes Inc. grew its holdings in shares of JD.com by 4.0% in the second quarter. Federated Hermes Inc. now owns 4,551,070 shares of the information services provider’s stock worth $148,547,000 after acquiring an additional 177,000 shares during the period. North of South Capital LLP increased its position in JD.com by 2.5% during the third quarter. North of South Capital LLP now owns 4,072,931 shares of the information services provider’s stock valued at $142,471,000 after acquiring an additional 98,716 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position 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 acquiring an additional 572,456 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

JD has been the topic of several research reports. Benchmark reissued a “buy” rating on shares of JD.com in a research report on Friday, March 6th. Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Susquehanna lowered their price objective on shares of JD.com from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, March 9th. Morgan Stanley reissued an “underweight” rating and issued a $22.00 price objective on shares of JD.com in a report on Thursday, March 5th. Finally, Arete Research set a $32.00 target price on shares of JD.com in a research report on Tuesday, December 9th. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.36.

JD.com Stock Up 8.3%

NASDAQ JD opened at $29.75 on Thursday. JD.com, Inc. has a 52 week low of $24.51 and a 52 week high of $43.38. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $42.62 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 7.93 and a beta of 0.41. The stock’s 50-day moving average price is $27.93 and its 200-day moving average price is $30.33.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Thursday, April 9th will be issued 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 396.0%. The ex-dividend date of this dividend is Thursday, April 9th. JD.com’s payout ratio is presently 55.68%.

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.