Raymond James Financial Inc. purchased a new position in JD.com, Inc. (NASDAQ:JD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,166 shares of the information services provider's stock, valued at approximately $2,363,000.
Other large investors also recently modified their holdings of the company. Two Sigma Advisers LP increased its stake in JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock worth $252,268,000 after acquiring an additional 4,839,700 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of JD.com by 117.1% in the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider's stock worth $161,356,000 after purchasing an additional 2,175,568 shares during the last quarter. Maple Rock Capital Partners Inc. raised its stake in JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock valued at $143,086,000 after purchasing an additional 200,200 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in JD.com by 76.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock valued at $114,886,000 after purchasing an additional 1,440,418 shares during the last quarter. Finally, North of South Capital LLP grew its stake in JD.com by 48.2% in the 4th quarter. North of South Capital LLP now owns 2,899,808 shares of the information services provider's stock worth $100,536,000 after buying an additional 942,629 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. UBS Group set a $51.00 price objective on JD.com in a report on Friday, March 7th. Barclays increased their price objective on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Benchmark increased their price target on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.64.
Check Out Our Latest Stock Analysis on JD
JD.com Trading Down 0.6 %
Shares of JD stock traded down $0.23 during mid-day trading on Wednesday, reaching $41.09. The stock had a trading volume of 6,598,181 shares, compared to its average volume of 13,613,044. The firm has a market capitalization of $64.80 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The stock's 50-day moving average price is $41.39 and its two-hundred day moving average price is $38.77. The company has a current ratio of 1.17, a quick ratio of 0.90 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.
JD.com Increases Dividend
The firm also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be given a $0.76 dividend. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com's dividend payout ratio (DPR) is currently 26.13%.
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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