Aviva PLC grew its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 33.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,791 shares of the information services provider's stock after buying an additional 76,620 shares during the quarter. Aviva PLC's holdings in JD.com were worth $10,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of JD. Appaloosa LP increased its stake in shares of JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after purchasing an additional 3,165,885 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of JD.com by 76.9% during 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 acquiring an additional 1,440,418 shares during the period. North of South Capital LLP increased its holdings in JD.com by 48.2% in the 4th quarter. North of South Capital LLP now owns 2,899,808 shares of the information services provider's stock worth $100,536,000 after acquiring an additional 942,629 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in JD.com by 46.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,432,970 shares of the information services provider's stock worth $84,351,000 after acquiring an additional 771,613 shares during the period. Finally, Norges Bank purchased a new position in JD.com during the fourth quarter valued at approximately $70,130,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.
JD.com Trading Up 6.6 %
JD traded up $2.39 on Monday, hitting $38.81. The company had a trading volume of 8,110,843 shares, compared to its average volume of 14,035,898. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The business's fifty day simple moving average is $40.48 and its 200 day simple moving average is $39.10. The company has a market cap of $61.21 billion, a PE ratio of 12.28, a PEG 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. Investors of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This represents a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is a positive change from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio is presently 26.13%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on JD shares. Benchmark raised their price objective on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. UBS Group set a $51.00 target price on JD.com in a research note on Friday, March 7th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, JD.com presently has an average rating of "Moderate Buy" and an average price target of $46.62.
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About JD.com
(
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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