Sei Investments Co. Acquires 52,843 Shares of JD.com, Inc. (NASDAQ:JD)

Sei Investments Co. boosted its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 144.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,378 shares of the information services provider's stock after acquiring an additional 52,843 shares during the quarter. Sei Investments Co.'s holdings in JD.com were worth $3,099,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. KBC Group NV grew its holdings in JD.com by 213.4% during the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock worth $12,343,000 after acquiring an additional 242,409 shares during the period. Appaloosa LP lifted its holdings in JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. National Bank of Canada FI grew its stake in JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock valued at $88,580,000 after acquiring an additional 2,211,095 shares during the period. Van ECK Associates Corp raised its holdings in JD.com by 20.4% during the 4th quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock worth $13,646,000 after buying an additional 66,693 shares during the period. Finally, Alberta Investment Management Corp lifted its stake in JD.com by 25.4% in the fourth quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock valued at $17,492,000 after buying an additional 102,326 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Stock Down 2.9 %

JD opened at $39.90 on Friday. The stock has a fifty day moving average of $41.41 and a 200-day moving average of $38.77. The company has a market capitalization of $62.93 billion, a P/E ratio of 12.63, a P/E/G ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. 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 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 is a boost from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. This represents a yield of 1.7%. JD.com's payout ratio is 26.13%.

Wall Street Analyst Weigh In

JD has been the topic of a number of research analyst reports. Mizuho boosted their price objective on shares of JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. UBS Group set a $51.00 price target on JD.com in a research report on Friday, March 7th. StockNews.com downgraded shares of JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a report on Friday, March 7th. Finally, Susquehanna reaffirmed a "neutral" rating and issued a $45.00 target price (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.64.

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JD.com 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.

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