CenterBook Partners LP raised its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 200.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,391 shares of the information services provider's stock after buying an additional 48,309 shares during the period. CenterBook Partners LP's holdings in JD.com were worth $2,510,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in JD. Rhumbline Advisers grew its holdings in shares of JD.com by 1.7% in the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock worth $561,000 after purchasing an additional 265 shares during the last quarter. Quintet Private Bank Europe S.A. grew its holdings in JD.com by 4.5% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock worth $271,000 after acquiring an additional 334 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after acquiring an additional 417 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of JD.com by 4.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock valued at $353,000 after acquiring an additional 436 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of JD.com by 0.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock worth $3,487,000 after purchasing an additional 597 shares during the period. Institutional investors own 15.98% of the company's stock.
JD.com Trading Down 2.5 %
Shares of NASDAQ JD traded down $0.97 during trading hours on Tuesday, hitting $37.21. 6,333,696 shares of the company traded hands, compared to its average volume of 14,044,305. The stock has a market capitalization of $58.68 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The company's 50 day moving average price is $40.44 and its 200 day moving average price is $39.09. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.
JD.com Increases Dividend
The business also recently announced 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. 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 dividend yield of 1.7%. JD.com's dividend payout ratio (DPR) is 26.13%.
Wall Street Analysts Forecast Growth
JD has been the topic of a number of recent analyst reports. Benchmark lifted their price objective on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. UBS Group set a $51.00 price objective on shares of JD.com in a report on Friday, March 7th. Mizuho boosted their price target on shares of JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.62.
Check Out Our Latest Analysis on JD
JD.com Company Profile
(
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
Before you consider JD.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JD.com wasn't on the list.
While JD.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
