Daiwa Securities Group Inc. Invests $402,000 in JD.com, Inc. (NASDAQ:JD)

Daiwa Securities Group Inc. bought a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,586 shares of the information services provider's stock, valued at approximately $402,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Two Sigma Advisers LP lifted its stake in shares of JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock worth $252,268,000 after acquiring an additional 4,839,700 shares during the period. FMR LLC raised its holdings in shares of JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock worth $611,080,000 after purchasing an additional 4,445,277 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock worth $88,580,000 after purchasing an additional 2,211,095 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider's stock worth $161,356,000 after purchasing an additional 2,175,568 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of JD.com in the 3rd quarter worth approximately $73,311,000. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on JD shares. StockNews.com downgraded shares of JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Susquehanna reiterated a "neutral" rating and issued a $45.00 target price (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Barclays boosted their price target on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Finally, Mizuho upped their price target 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 investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $45.64.

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JD.com Stock Down 4.1 %

JD stock traded down $1.84 during midday trading on Thursday, reaching $43.00. The company had a trading volume of 11,860,866 shares, compared to its average volume of 13,619,652. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $67.81 billion, a P/E ratio of 13.61, a PEG ratio of 0.31 and a beta of 0.43. The company has a 50 day moving average of $40.25 and a two-hundred day moving average of $37.68.

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 paid a dividend of $0.76 per share. This is a positive change from JD.com's previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 1.7%. JD.com's dividend payout ratio is 26.13%.

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.