Muhlenkamp & Co. Inc. purchased a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 96,898 shares of the information services provider's stock, valued at approximately $3,359,000. JD.com accounts for about 1.0% of Muhlenkamp & Co. Inc.'s portfolio, making the stock its 27th largest position.
Other large investors have also recently modified their holdings of the company. Rhumbline Advisers increased its position in JD.com by 1.7% during the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock worth $561,000 after purchasing an additional 265 shares in the last quarter. Quintet Private Bank Europe S.A. increased its holdings in shares of JD.com by 4.5% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock worth $271,000 after buying an additional 334 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after acquiring an additional 417 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of JD.com by 4.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock valued at $353,000 after acquiring an additional 436 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in JD.com by 0.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock worth $3,487,000 after acquiring an additional 597 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.
Analyst Ratings Changes
JD has been the topic of a number of recent research reports. Benchmark lifted their price target on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a report on Friday, March 7th. UBS Group set a $51.00 target price on JD.com in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, Dbs Bank raised JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $46.62.
Read Our Latest Stock Analysis on JD
JD.com Trading Up 2.4 %
Shares of NASDAQ:JD traded up $0.84 during mid-day trading on Friday, hitting $36.42. The company had a trading volume of 22,637,267 shares, compared to its average volume of 14,059,719. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The firm has a fifty day moving average price of $40.48 and a 200 day moving average price of $39.09. The company has a market capitalization of $57.44 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53.
JD.com Increases Dividend
The business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a $0.76 dividend. This is an increase from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com's payout ratio is 26.13%.
JD.com Profile
(
Free Report)
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.
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