Charles Schwab Investment Management Inc. Purchases 771,613 Shares of JD.com, Inc. (NASDAQ:JD)

Charles Schwab Investment Management Inc. raised its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 46.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,432,970 shares of the information services provider's stock after purchasing an additional 771,613 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.15% of JD.com worth $84,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JD. Rhumbline Advisers lifted its position in shares of JD.com by 1.7% during the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock valued at $561,000 after acquiring an additional 265 shares during the period. Quintet Private Bank Europe S.A. raised its position in shares of JD.com by 4.5% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock worth $271,000 after purchasing an additional 334 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of JD.com by 71.5% in 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 in the last quarter. Huntington National Bank raised its holdings in JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider's stock worth $74,000 after buying an additional 452 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of JD.com by 0.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock valued at $3,487,000 after buying an additional 597 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

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JD.com Price Performance

JD traded up $0.11 during trading on Tuesday, reaching $40.75. 13,285,430 shares of the company were exchanged, compared to its average volume of 13,623,484. The company's 50-day moving average is $39.12 and its two-hundred day moving average is $36.95. 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 12-month low of $24.13 and a 12-month high of $47.82. The company has a market cap of $64.27 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.76 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is an increase from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is 19.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Benchmark boosted their target price on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday. Barclays lifted their target price on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Citigroup dropped their price objective on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Mizuho lifted their target price on shares of JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $44.43.

JD.com 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.