Norges Bank acquired a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,022,800 shares of the information services provider's stock, valued at approximately $70,130,000. Norges Bank owned about 0.13% of JD.com at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in shares of JD.com in the fourth quarter worth about $27,000. Brooklyn Investment Group acquired a new position in shares of JD.com in the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC increased its stake in JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after purchasing an additional 417 shares in the last quarter. Modus Advisors LLC acquired a new stake in JD.com during the 4th quarter worth approximately $41,000. Finally, Farther Finance Advisors LLC lifted its stake in JD.com by 111.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock valued at $45,000 after buying an additional 684 shares in the last quarter. Institutional investors own 15.98% of the company's stock.
JD.com Stock Performance
JD stock traded down $1.89 during trading hours on Monday, reaching $34.92. The stock had a trading volume of 28,816,070 shares, compared to its average volume of 13,777,022. The stock has a 50-day simple moving average of $41.22 and a 200 day simple moving average of $39.06. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The stock has a market capitalization of $55.07 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.
JD.com Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.7%. This is a boost from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is presently 26.13%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Mizuho raised 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. Barclays lifted their price target on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Benchmark upped 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. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Susquehanna reaffirmed a "neutral" rating and set a $45.00 price target (up from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.62.
Read Our Latest Analysis on JD.com
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.
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