144,719 Shares in JD.com, Inc. (NASDAQ:JD) Bought by GQG Partners LLC

GQG Partners LLC 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 Securities & Exchange Commission. The fund bought 144,719 shares of the information services provider's stock, valued at approximately $5,017,000.

A number of other hedge funds have also recently made changes to their positions in JD. B. Metzler seel. Sohn & Co. Holding AG bought a new position in JD.com in the third quarter worth approximately $453,000. PNC Financial Services Group Inc. grew its position in shares of JD.com by 2.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 52,425 shares of the information services provider's stock worth $2,097,000 after buying an additional 1,267 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of JD.com by 85.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,776 shares of the information services provider's stock worth $791,000 after buying an additional 9,112 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of JD.com by 155.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,661,357 shares of the information services provider's stock valued at $66,454,000 after buying an additional 1,010,736 shares during the period. Finally, Citigroup Inc. raised 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 acquiring an additional 36,096 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts have commented on JD shares. StockNews.com downgraded shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Barclays increased their target price on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. boosted their price target on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, UBS Group set a $51.00 price objective on JD.com in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $45.64.

JD.com Stock Performance

NASDAQ:JD traded down $1.31 during midday trading on Friday, hitting $41.58. The company's stock had a trading volume of 6,733,117 shares, compared to its average volume of 13,661,649. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The firm's 50 day moving average is $41.25 and its 200-day moving average is $38.46. The firm has a market cap of $65.58 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is a boost from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is 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.