Fortis Capital Advisors LLC purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 17,193 shares of the information services provider's stock, valued at approximately $596,000.
Other large investors have also added to or reduced their stakes in the company. KBC Group NV grew its position in JD.com by 213.4% in the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock worth $12,343,000 after acquiring an additional 242,409 shares in the last quarter. Appaloosa LP boosted its holdings in shares of JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after purchasing an additional 3,165,885 shares during the period. Van ECK Associates Corp increased its position in shares of JD.com by 20.4% during the 4th quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock valued at $13,646,000 after purchasing an additional 66,693 shares during the last quarter. Alberta Investment Management Corp raised its holdings in JD.com by 25.4% during the 4th quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock valued at $17,492,000 after buying an additional 102,326 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in JD.com by 76.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock worth $114,886,000 after buying an additional 1,440,418 shares during the last quarter. Institutional investors own 15.98% of the company's stock.
JD.com Stock Down 1.9 %
NASDAQ:JD traded down $0.74 during mid-day trading on Tuesday, reaching $37.44. The company's stock had a trading volume of 12,399,607 shares, compared to its average volume of 14,081,590. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $59.05 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The stock has a fifty day moving average of $40.44 and a 200-day moving average of $39.09. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82.
JD.com Increases Dividend
The firm also recently disclosed 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. 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. This represents a dividend yield of 1.7%. JD.com's dividend payout ratio (DPR) is currently 26.13%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on JD shares. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a research note on Wednesday, February 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. Susquehanna restated a "neutral" rating and set a $45.00 target price (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Benchmark increased their price target on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price target on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.62.
Read Our Latest Stock Analysis on JD.com
JD.com Company 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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