Norges Bank purchased a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,022,800 shares of the information services provider's stock, valued at approximately $70,130,000. Norges Bank owned 0.13% of JD.com at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Richardson Financial Services Inc. acquired a new position in shares of JD.com in the fourth quarter valued at $27,000. Brooklyn Investment Group acquired a new position in shares of JD.com in the 4th quarter valued at $34,000. Nisa Investment Advisors LLC lifted its holdings in shares of 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 acquiring an additional 417 shares during the period. Modus Advisors LLC acquired a new stake in shares of JD.com during the 4th quarter valued at about $41,000. Finally, Farther Finance Advisors LLC increased 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 acquiring an additional 684 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
JD has been the topic of a number of recent research reports. Dbs Bank raised JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Mizuho upped their price target on JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research 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. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Finally, Benchmark increased their target price on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research 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 company. Based on data from MarketBeat.com, JD.com currently has an average rating of "Moderate Buy" and a consensus price target of $45.64.
Get Our Latest Analysis on JD.com
JD.com Trading Down 7.7 %
NASDAQ:JD traded down $3.09 during trading hours on Friday, hitting $36.81. 25,761,107 shares of the stock were exchanged, compared to its average volume of 13,684,741. The company has a market capitalization of $58.05 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company's 50 day moving average is $41.33 and its two-hundred day moving average is $38.85. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82.
JD.com Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This is a boost from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com's payout ratio is currently 26.13%.
JD.com 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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