IHT Wealth Management LLC bought a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,268 shares of the information services provider's stock, valued at approximately $287,000.
A number of other hedge funds have also modified their holdings of the business. FMR LLC lifted its holdings in shares of JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after purchasing an additional 13,170,649 shares during the period. Appaloosa LP lifted its holdings in JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after acquiring an additional 3,165,885 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of JD.com by 76.9% during 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 purchasing an additional 1,440,418 shares in the last quarter. North of South Capital LLP grew its stake in shares of JD.com by 48.2% during the 4th quarter. North of South Capital LLP now owns 2,899,808 shares of the information services provider's stock worth $100,536,000 after purchasing an additional 942,629 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of JD.com by 46.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,432,970 shares of the information services provider's stock valued at $84,351,000 after purchasing an additional 771,613 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Benchmark boosted their price target on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Mizuho lifted their price target on JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. 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. Finally, Macquarie restated a "neutral" rating and set a $35.00 price objective on shares of JD.com in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, JD.com presently has a consensus rating of "Moderate Buy" and an average price target of $49.27.
View Our Latest Stock Analysis on JD
JD.com Price Performance
JD stock opened at $32.53 on Monday. The stock has a market capitalization of $51.30 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The stock's fifty day simple moving average is $39.34 and its 200-day simple moving average is $38.47.
JD.com Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a $0.76 dividend. This is a boost from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. This represents a yield of 1.7%. JD.com's payout ratio is 26.13%.
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.
See Also
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