Belpointe Asset Management LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,193 shares of the information services provider's stock, valued at approximately $596,000.
Several other large investors have also modified their holdings of JD. Richardson Financial Services Inc. bought a new stake in shares of JD.com in the 4th quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in shares of JD.com in the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC lifted its position 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 valued at $35,000 after acquiring an additional 417 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of JD.com in the 4th quarter valued at $41,000. Finally, Farther Finance Advisors LLC raised its holdings in JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock valued at $45,000 after buying an additional 684 shares in the last quarter. Institutional investors own 15.98% of the company's stock.
JD.com Stock Performance
NASDAQ:JD traded down $0.86 during mid-day trading on Monday, hitting $33.86. 11,464,292 shares of the stock were exchanged, compared to its average volume of 14,153,213. The firm's 50-day simple moving average is $40.02 and its 200 day simple moving average is $38.88. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a market capitalization of $53.40 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53.
JD.com Increases Dividend
The firm also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. 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. This represents a yield of 1.7%. JD.com's payout ratio is presently 26.13%.
Wall Street Analysts Forecast Growth
JD has been the topic of a number of recent analyst reports. Susquehanna reissued a "neutral" rating and issued a $45.00 price objective (up from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. increased their target price on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Bank of America dropped their price objective on JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Dbs Bank raised shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, JD.com presently has an average rating of "Buy" and a consensus target price of $48.67.
Read Our Latest Stock Analysis on JD.com
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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