Franklin Resources Inc. grew its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 5,292.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 705,921 shares of the information services provider's stock after buying an additional 692,831 shares during the period. Franklin Resources Inc.'s holdings in JD.com were worth $24,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of JD. Appaloosa LP boosted its stake in JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after buying an additional 3,165,885 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings 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 acquiring an additional 1,440,418 shares in the last quarter. North of South Capital LLP boosted its position 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 valued at $100,536,000 after acquiring an additional 942,629 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of JD.com by 46.4% in the fourth 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. Finally, National Bank of Canada FI increased its position in JD.com by 65,089.6% in the third 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 during the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.
JD.com Stock Up 2.4 %
Shares of JD.com stock traded up $0.84 during trading on Friday, hitting $36.42. 22,637,267 shares of the stock traded hands, compared to its average volume of 14,059,719. 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 stock's fifty day simple moving average is $40.48 and its 200 day simple moving average is $39.09. The firm has a market cap of $57.44 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a 52-week low of $24.13 and a 52-week 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 issued a $0.76 dividend. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 1.7%. This is a positive change from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is currently 26.13%.
Analysts Set New Price Targets
JD has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. UBS Group set a $51.00 price objective on JD.com in a research note on Friday, March 7th. Barclays raised their price objective on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Dbs Bank raised JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.62.
Check Out Our Latest Stock 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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