Summit Global Investments Has $1.87 Million Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Summit Global Investments grew its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,922 shares of the information services provider's stock after acquiring an additional 7,405 shares during the quarter. Summit Global Investments' holdings in JD.com were worth $1,869,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JD. Citigroup Inc. raised its stake in shares of JD.com by 9.9% during the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock valued at $16,012,000 after purchasing an additional 36,096 shares during the period. Maple Rock Capital Partners Inc. lifted its holdings in JD.com by 5.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock worth $143,086,000 after buying an additional 200,200 shares in the last quarter. KBC Group NV boosted its position in JD.com by 213.4% in the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock valued at $12,343,000 after buying an additional 242,409 shares during the last quarter. Appaloosa LP grew its stake in shares of JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock worth $88,580,000 after acquiring an additional 2,211,095 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JD. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Susquehanna reaffirmed a "neutral" rating and set a $45.00 target price (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. 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. JPMorgan Chase & Co. raised their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.64.

JD.com Stock Down 2.5 %

NASDAQ JD traded down $1.07 during trading on Tuesday, reaching $41.50. 6,189,384 shares of the company's stock were exchanged, compared to its average volume of 13,569,120. 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 fifty-two week low of $24.13 and a fifty-two week high of $47.82. The company's fifty day simple moving average is $40.78 and its 200-day simple moving average is $38.10. The firm has a market capitalization of $65.44 billion, a PE ratio of 13.13, a P/E/G ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This is a boost 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 payout ratio is currently 26.13%.

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.