Banco BTG Pactual S.A. boosted its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 62.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,000 shares of the information services provider's stock after purchasing an additional 32,000 shares during the quarter. Banco BTG Pactual S.A.'s holdings in JD.com were worth $2,841,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Two Sigma Advisers LP increased its position in JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock valued at $252,268,000 after buying an additional 4,839,700 shares in the last quarter. FMR LLC increased its holdings in shares of JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock valued at $611,080,000 after acquiring an additional 4,445,277 shares in the last quarter. Appaloosa LP raised its position in shares of JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after purchasing an additional 3,165,885 shares during the last quarter. National Bank of Canada FI boosted its stake in JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock worth $88,580,000 after purchasing an additional 2,211,095 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider's stock worth $161,356,000 after purchasing an additional 2,175,568 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.
JD.com Stock Performance
Shares of JD traded down $1.31 on Friday, reaching $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 stock's 50 day simple moving average is $41.25 and its two-hundred day simple moving average is $38.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The stock has a market capitalization of $65.58 billion, a P/E ratio of 13.16, a PEG ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82.
JD.com Increases Dividend
The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. The ex-dividend date is Tuesday, April 8th. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. JD.com's dividend payout ratio is presently 26.13%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on JD shares. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Mizuho boosted their price objective on shares of JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. UBS Group set a $51.00 target price on JD.com in a report on Friday, March 7th. Finally, Benchmark upped their price target on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, JD.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.64.
Check Out Our Latest 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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