Eos Management L.P. Raises Stock Position in JD.com, Inc. (NASDAQ:JD)

Eos Management L.P. raised its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 424.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,391 shares of the information services provider's stock after buying an additional 23,790 shares during the period. Eos Management L.P.'s holdings in JD.com were worth $1,019,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citigroup Inc. lifted its position in JD.com by 9.9% during the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock valued at $16,012,000 after purchasing an additional 36,096 shares in the last quarter. Maple Rock Capital Partners Inc. increased its stake in shares of JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock worth $143,086,000 after purchasing an additional 200,200 shares in the last quarter. KBC Group NV raised its position in shares of JD.com by 213.4% during the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock valued at $12,343,000 after purchasing an additional 242,409 shares during the period. National Bank of Canada FI raised its holdings in JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock valued at $88,580,000 after acquiring an additional 2,211,095 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of JD.com by 20.4% in the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock valued at $13,646,000 after acquiring an additional 66,693 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

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JD.com Trading Down 1.4 %

Shares of JD stock traded down $0.59 during trading hours on Wednesday, reaching $40.17. 6,662,653 shares of the stock were exchanged, compared to its average volume of 13,471,791. 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 firm has a market capitalization of $63.34 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The company's 50-day moving average price is $39.24 and its 200-day moving average price is $37.05.

JD.com Increases Dividend

The firm 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 dividend of $0.76 per share. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com's dividend payout ratio (DPR) is currently 19.73%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JD. Mizuho lifted their target price on JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. 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 report on Friday, March 7th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Susquehanna reissued a "neutral" rating and set a $45.00 price objective (up previously from $35.00) on shares of JD.com in a report on Wednesday. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a report on Friday, March 7th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.