Connor Clark & Lunn Investment Management Ltd. Acquires New Position in JD.com, Inc. (NASDAQ:JD)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,743 shares of the information services provider's stock, valued at approximately $268,000.

Other hedge funds also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of JD.com during the 3rd quarter valued at $453,000. PNC Financial Services Group Inc. grew its stake in shares of JD.com by 2.5% during the third quarter. PNC Financial Services Group Inc. now owns 52,425 shares of the information services provider's stock valued at $2,097,000 after buying an additional 1,267 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in JD.com by 85.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,776 shares of the information services provider's stock valued at $791,000 after acquiring an additional 9,112 shares during the period. Charles Schwab Investment Management Inc. increased its stake in JD.com by 155.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,661,357 shares of the information services provider's stock worth $66,454,000 after purchasing an additional 1,010,736 shares during the period. Finally, Citigroup Inc. lifted its position in JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock valued at $16,012,000 after purchasing an additional 36,096 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

JD stock traded down $1.11 during trading on Tuesday, reaching $41.46. The stock had a trading volume of 5,180,287 shares, compared to its average volume of 13,569,120. The firm has a market cap of $65.39 billion, a PE ratio of 13.12, a PEG ratio of 0.31 and a beta of 0.43. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock's 50 day moving average is $40.78 and its two-hundred day moving average is $38.10. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82.

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JD.com Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.76 dividend. This is an increase from JD.com's previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 1.7%. JD.com's dividend payout ratio (DPR) is presently 26.13%.

Analyst Ratings Changes

A number of research firms have commented on JD. JPMorgan Chase & Co. upped their price target on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a report on Friday, March 7th. Susquehanna reaffirmed a "neutral" rating and issued a $45.00 price target (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Finally, Benchmark lifted their target price on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $45.64.

JD.com Company 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.