CTC 13F: Exits JD.com (JD) Stake

CTC has liquidated its stake in JD.com, Inc. (JD), according to its latest Form 13F filing with the SEC. The fund sold 19,391 shares of the Beijing-based internet retailer during the reporting period, which ended May 21, 2026. This move brought CTC's total holdings in the company down to zero shares.

CTC Exits JD.com Position

The fund's decision to close its position represents a 100.0% decrease in its holdings. Before the sale, CTC held 19,391 shares. While the filing highlights a complete exit, it's important to remember that 13F reports are backward-looking and only show what a fund held at the end of the quarter. It doesn't necessarily reflect what CTC is doing with its money today.

JD.com Stock Performance

On Saturday, shares of JD.com were priced at $25.48. The stock has been under pressure lately, trading significantly below its 200-day moving average of $29.02 and its 50-day average of $29.57. The current price is hovering just above the 52-week low of $24.51, a sharp contrast to its high of $36.86 reached earlier in the year. With a market cap of roughly $36.84 billion, the company currently trades at a price-to-earnings (P/E) ratio of 18.19. Investors may find the forward P/E of 6.5 particularly interesting, as it suggests the stock might be inexpensive relative to future earnings expectations.

Recent Earnings Data

JD.com reported massive revenue of $1.31 trillion for its most recent period, though revenue growth dipped slightly by 2.9%. The company maintains a net margin of 1.13% and a return on equity of 6.79%. Earnings per share (EPS) came in at $1.50. Investors looking for the next update on the company's financial health should mark their calendars for November 12, 2026, when JD.com is expected to release its next earnings report.

Dividend Program

The company continues to return value to its shareholders through a dividend. JD.com currently pays an annual dividend rate of $1.00 per share, which translates to a yield of 3.71%. The payout ratio stands at 67.85%, indicating that a significant portion of its earnings is being distributed back to investors.

Analysts Set New Price Targets

Wall Street remains generally optimistic about the e-commerce firm's prospects. On October 14, 2026, Barclays maintained its Overweight rating on the stock, though it lowered its price target to $38.00 from $41.00. B of A Securities also kept a Buy rating on October 13, 2026, with a $37.00 target. Earlier in the summer, Susquehanna maintained a Neutral rating with a $30.00 target on August 17, 2026. While Daiwa Capital downgraded the stock to a Hold in late June, the broader consensus among 35 analysts is a strong buy, with an average price target of $39.46.

About JD.com, Inc.

JD.com is a massive technology and service provider that runs one of the largest online retail platforms in China. The company sells everything from smartphones and home appliances to fresh food and luxury handbags. It also operates a sophisticated logistics network that it leases out to other businesses. As a major player in the Chinese consumer market, the company's performance is often seen as a bellwether for the health of the Chinese middle class.

What's Ahead for JD.com, Inc.

While CTC has moved on from JD.com, the high volume of buy ratings from analysts suggests many institutional investors still see value in the stock. Watch for the November earnings announcement to see if the company can reverse its slight revenue slide. As always, these 13F filings are a snapshot of the past and should be used as just one piece of a larger research puzzle.