Advisory Services Network LLC Raises Position in JD.com, Inc. (NASDAQ:JD)

Advisory Services Network LLC increased its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 394.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,862 shares of the information services provider's stock after purchasing an additional 24,616 shares during the period. Advisory Services Network LLC's holdings in JD.com were worth $1,070,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after buying an additional 13,170,649 shares during the period. Appaloosa LP grew its stake in JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after purchasing an additional 3,165,885 shares during the last quarter. Norges Bank bought a new position in JD.com in the fourth quarter worth about $70,130,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of JD.com by 76.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock valued at $114,886,000 after buying an additional 1,440,418 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in JD.com during the fourth quarter valued at approximately $47,948,000. 15.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JD has been the subject of several research reports. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. StockNews.com cut shares of JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price objective on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Susquehanna restated a "neutral" rating and issued a $45.00 target price (up previously from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Finally, UBS Group set a $51.00 price target on JD.com in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $47.00.

JD.com Stock Down 1.8 %

JD.com stock traded down $0.63 during mid-day trading on Friday, hitting $34.70. The company had a trading volume of 13,839,001 shares, compared to its average volume of 14,148,561. The stock has a market cap of $54.73 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.31 and a beta of 0.53. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The business has a fifty day moving average of $40.15 and a 200 day moving average of $39.01.

JD.com Increases Dividend

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

About JD.com

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.