Greenland Capital Management LP bought a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,908 shares of the information services provider's stock, valued at approximately $968,000.
Several other large investors have also recently made changes to their positions in the company. KBC Group NV boosted its position in JD.com by 213.4% during the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock worth $12,343,000 after purchasing an additional 242,409 shares in the last quarter. Appaloosa LP raised its stake in shares of JD.com by 43.4% during the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after buying an additional 3,165,885 shares during the period. Van ECK Associates Corp lifted 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 buying an additional 66,693 shares in the last quarter. Alberta Investment Management Corp grew its stake in JD.com by 25.4% in 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 acquiring an additional 102,326 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in JD.com by 76.9% in the 4th 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 acquiring an additional 1,440,418 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.
JD.com Trading Up 2.4 %
Shares of JD traded up $0.84 during midday trading on Friday, reaching $36.42. The company had a trading volume of 22,637,267 shares, compared to its average volume of 14,055,470. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. 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 50 day simple moving average of $40.48 and a 200-day simple moving average of $39.10. The stock has a market cap of $57.44 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53.
JD.com Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a dividend of $0.76 per share. 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 of this dividend is Tuesday, April 8th. JD.com's dividend payout ratio (DPR) is presently 26.13%.
Wall Street Analyst Weigh In
Several research firms have issued reports on JD. Susquehanna reaffirmed a "neutral" rating and set a $45.00 price objective (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Benchmark increased their target price on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a report on Friday, March 7th. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Finally, Mizuho boosted their price target on JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Two equities research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.62.
Read Our Latest Research Report on JD
About JD.com
(
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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