Rahlfs Capital LLC 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 (SEC). The fund purchased 7,350 shares of the information services provider's stock, valued at approximately $255,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in JD.com by 1.7% during the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock valued at $561,000 after acquiring an additional 265 shares in the last quarter. Quintet Private Bank Europe S.A. raised its stake in shares of 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 valued at $271,000 after acquiring an additional 334 shares during the period. Nisa Investment Advisors LLC lifted its stake in 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 in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in JD.com by 4.5% during the 4th 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 period. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of JD.com by 0.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock valued at $3,487,000 after purchasing an additional 597 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on JD. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Benchmark raised their price target on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Barclays upped their target price on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Susquehanna reaffirmed a "neutral" rating and set a $45.00 price target (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Finally, UBS Group set a $51.00 target price on JD.com in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $46.62.
Read Our Latest Research Report on JD.com
JD.com Trading Up 4.6 %
JD stock traded up $1.62 during midday trading on Thursday, hitting $36.70. The stock had a trading volume of 15,517,260 shares, compared to its average volume of 13,929,178. The firm has a market cap of $57.88 billion, a PE ratio of 11.60, 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, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The company's 50-day moving average price is $40.66 and its 200 day moving average price is $39.06.
JD.com Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 1.7%. This is an increase from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio is currently 26.13%.
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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