110,120 Shares in JD.com, Inc. (NASDAQ:JD) Purchased by Bank of Nova Scotia

Bank of Nova Scotia bought a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 110,120 shares of the information services provider's stock, valued at approximately $3,818,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Richardson Financial Services Inc. acquired a new position in JD.com during the fourth quarter worth $27,000. Brooklyn Investment Group bought a new position in shares of JD.com in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC increased its stake in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of JD.com in the 4th quarter valued at about $41,000. Finally, Farther Finance Advisors LLC lifted its stake in JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock valued at $45,000 after purchasing an additional 684 shares during the last quarter. Institutional investors own 15.98% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on JD. Susquehanna reissued a "neutral" rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a report on Friday, March 7th. UBS Group set a $51.00 price target on JD.com in a report on Friday, March 7th. Benchmark lifted their price objective on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Finally, Mizuho increased their price objective on shares of JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Two equities research 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $47.00.

JD.com Stock Performance

NASDAQ JD traded down $0.63 during trading on Friday, reaching $34.70. The company's stock had a trading volume of 13,839,001 shares, compared to its average volume of 14,148,561. The firm has a 50 day moving average price of $40.15 and a 200 day moving average price of $39.01. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The firm has a market capitalization of $54.73 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

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 paid a $0.76 dividend. This is a boost from JD.com's previous annual dividend of $0.74. This represents a dividend yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com's payout ratio is 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.