68,166 Shares in JD.com, Inc. (NASDAQ:JD) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 68,166 shares of the information services provider's stock, valued at approximately $2,363,000.

A number of other hedge funds have also recently added to or reduced their stakes in JD. Cerity Partners LLC raised its position in JD.com by 9.4% in the third quarter. Cerity Partners LLC now owns 18,466 shares of the information services provider's stock valued at $739,000 after purchasing an additional 1,586 shares during the last quarter. D.A. Davidson & CO. bought a new position in JD.com in the 3rd quarter valued at approximately $290,000. Financial Counselors Inc. acquired a new stake in JD.com during the 3rd quarter worth approximately $290,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in JD.com by 280.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,652 shares of the information services provider's stock worth $1,026,000 after acquiring an additional 18,916 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in JD.com by 24.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 21,295 shares of the information services provider's stock valued at $851,000 after acquiring an additional 4,157 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Stock Up 0.9 %

NASDAQ:JD traded up $0.36 on Tuesday, hitting $41.48. The stock had a trading volume of 4,822,494 shares, compared to its average volume of 13,601,354. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82. The business's fifty day moving average is $41.29 and its 200 day moving average is $38.64. The company has a market cap of $65.43 billion, a PE ratio of 13.12, a P/E/G ratio of 0.31 and a beta of 0.43.

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JD.com Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a $0.76 dividend. This represents a dividend yield of 1.7%. This is a positive change from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. JD.com's dividend payout ratio (DPR) is 26.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. 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. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. UBS Group set a $51.00 price target on shares of JD.com in a report on Friday, March 7th. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $45.64.

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.