Alliancebernstein L.P. Invests $1.34 Million in JD.com, Inc. (NASDAQ:JD)

Alliancebernstein L.P. bought a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 38,687 shares of the information services provider's stock, valued at approximately $1,341,000.

Other hedge funds have also made changes to their positions in the company. Richardson Financial Services Inc. acquired a new position in JD.com in the 4th quarter worth about $27,000. Brooklyn Investment Group acquired a new position in JD.com in the fourth quarter worth approximately $34,000. Nisa Investment Advisors LLC raised its position in JD.com by 71.5% during the fourth 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 in the last quarter. Modus Advisors LLC acquired a new stake in JD.com in the fourth quarter valued at approximately $41,000. Finally, Farther Finance Advisors LLC grew its position in JD.com by 111.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after acquiring an additional 684 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Trading Down 1.8 %

Shares of JD.com stock opened at $34.70 on Friday. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The firm has a market capitalization of $54.73 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company's fifty day moving average price is $40.02 and its two-hundred day moving average price is $38.96.

JD.com Increases Dividend

The business 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 represents a yield of 1.7%. 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. JD.com's payout ratio is presently 26.13%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on JD shares. Susquehanna restated a "neutral" rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Benchmark raised their target price on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a report on Friday, March 7th. Bank of America decreased their price target on JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Mizuho upped their target price on JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. One analyst has 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. Based on data from MarketBeat.com, JD.com has an average rating of "Buy" and an average target price of $48.67.

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.

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