Freedom Investment Management Inc. Purchases Shares of 17,978 JD.com, Inc. (NASDAQ:JD)

Freedom Investment Management Inc. bought a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,978 shares of the information services provider's stock, valued at approximately $623,000.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP purchased a new stake in JD.com in the 3rd quarter valued at approximately $346,000. MML Investors Services LLC lifted its holdings in shares of JD.com by 25.1% in the 3rd quarter. MML Investors Services LLC now owns 18,539 shares of the information services provider's stock valued at $742,000 after buying an additional 3,717 shares during the period. Virtu Financial LLC boosted its stake in shares of JD.com by 86.5% in the third quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider's stock valued at $2,766,000 after buying an additional 32,079 shares in the last quarter. World Investment Advisors LLC acquired a new position in JD.com during the third quarter worth $3,170,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in JD.com in the third quarter worth $49,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JD. Macquarie reaffirmed a "neutral" rating and set a $35.00 price target on shares of JD.com in a research note on Wednesday. Bank of America lowered their target price on shares of JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lifted their price target on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Dbs Bank upgraded JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, Benchmark lifted their price objective on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.25.

JD.com Trading Down 3.2 %

Shares of JD.com stock traded down $1.09 during mid-day trading on Thursday, hitting $32.47. 25,187,039 shares of the stock were exchanged, compared to its average volume of 14,409,608. The company has a 50-day simple moving average of $39.64 and a 200 day simple moving average of $38.71. 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 stock has a market capitalization of $51.21 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82.

JD.com Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a $0.76 dividend. This is a boost from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com's payout ratio is presently 26.13%.

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.