Picton Mahoney Asset Management Purchases Shares of 42,400 JD.com, Inc. (NASDAQ:JD)

Picton Mahoney Asset Management purchased a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 42,400 shares of the information services provider's stock, valued at approximately $1,470,000.

A number of other large investors have also modified their holdings of the business. Rhumbline Advisers lifted its holdings in shares of JD.com by 1.7% during 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 period. Quintet Private Bank Europe S.A. lifted its holdings in shares of JD.com by 4.5% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock worth $271,000 after purchasing an additional 334 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of JD.com by 71.5% during the fourth 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 during the period. Sequoia Financial Advisors LLC lifted its holdings 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 worth $353,000 after purchasing an additional 436 shares during the period. Finally, Huntington National Bank lifted its holdings in JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider's stock valued at $74,000 after acquiring an additional 452 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have issued reports on JD. Benchmark boosted 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. Barclays boosted their price target on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a report on Friday, March 7th. Dbs Bank raised JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, UBS Group set a $51.00 target price on JD.com in a research note on Friday, March 7th. Two 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 a consensus rating of "Moderate Buy" and an average price target of $45.64.

JD.com Price Performance

Shares of JD traded down $1.85 during trading hours on Thursday, hitting $42.98. 17,540,735 shares of the stock were exchanged, compared to its average volume of 13,619,685. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The company has a market cap of $67.78 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The stock's 50-day moving average price is $40.25 and its two-hundred day moving average price is $37.68.

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 given a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is a boost from JD.com's previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com's payout ratio is presently 26.13%.

JD.com Company Profile

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.