Invesco Ltd. Has $524.28 Million Position in JD.com, Inc. (NASDAQ:JD)

Invesco Ltd. lowered its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,122,039 shares of the information services provider's stock after selling 115,361 shares during the quarter. Invesco Ltd. owned about 0.96% of JD.com worth $524,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC lifted its position in shares of JD.com by 8.1% in the 4th quarter. Cerity Partners LLC now owns 19,954 shares of the information services provider's stock worth $708,000 after acquiring an additional 1,488 shares during the period. FMR LLC raised its stake in shares of JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after purchasing an additional 13,170,649 shares in the last quarter. Rahlfs Capital LLC bought a new position in JD.com in the fourth quarter worth $255,000. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in JD.com by 131.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 847,176 shares of the information services provider's stock worth $29,372,000 after buying an additional 480,546 shares in the last quarter. Finally, Aviva PLC increased its holdings in JD.com by 33.6% in the 4th quarter. Aviva PLC now owns 304,791 shares of the information services provider's stock valued at $10,567,000 after buying an additional 76,620 shares during the period. Institutional investors own 15.98% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JD. Benchmark increased their target price on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Mizuho boosted their target price on shares of JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. UBS Group set a $51.00 target price on shares of JD.com in a research report on Friday, March 7th. Finally, Barclays boosted 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, February 28th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.62.

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JD.com Trading Up 6.0 %

Shares of JD traded up $2.19 during trading hours on Monday, hitting $38.61. 9,899,423 shares of the stock traded hands, compared to its average volume of 14,041,686. The business has a fifty day moving average of $40.48 and a 200-day moving average of $39.10. 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 firm has a market capitalization of $60.89 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. 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 declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders 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. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 1.7%. JD.com's payout ratio is currently 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.