Commonwealth Equity Services LLC Acquires 19,025 Shares of JD.com, Inc. (NASDAQ:JD)

Commonwealth Equity Services LLC grew its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 38.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 68,736 shares of the information services provider's stock after purchasing an additional 19,025 shares during the quarter. Commonwealth Equity Services LLC's holdings in JD.com were worth $2,383,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. raised its holdings in shares of JD.com by 85.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 19,776 shares of the information services provider's stock worth $791,000 after purchasing an additional 9,112 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in JD.com by 155.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,661,357 shares of the information services provider's stock worth $66,454,000 after buying an additional 1,010,736 shares during the last quarter. Citigroup Inc. increased its holdings in shares of JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock valued at $16,012,000 after buying an additional 36,096 shares in the last quarter. Cerity Partners LLC lifted its position in shares of JD.com by 9.4% during the 3rd quarter. Cerity Partners LLC now owns 18,466 shares of the information services provider's stock valued at $739,000 after acquiring an additional 1,586 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of JD.com during the 3rd quarter worth $321,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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JD.com Stock Performance

Shares of JD.com stock traded down $1.31 on Friday, reaching $41.58. The stock had a trading volume of 6,733,117 shares, compared to its average volume of 13,661,649. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The business's 50-day moving average price is $41.25 and its two-hundred day moving average price is $38.54. 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 cap of $65.58 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Investors 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 is Tuesday, April 8th. This is a boost from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is currently 26.13%.

Wall Street Analysts Forecast Growth

JD has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. UBS Group set a $51.00 target price on shares of JD.com in a research report on Friday, March 7th. Susquehanna restated a "neutral" rating and set a $45.00 price target (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $45.64.

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.