Voya Investment Management LLC Buys New Position in JD.com, Inc. (NASDAQ:JD)

Voya Investment Management LLC bought a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,163,100 shares of the information services provider's stock, valued at approximately $109,665,000. Voya Investment Management LLC owned about 0.20% of JD.com at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JD. Richardson Financial Services Inc. bought a new position in JD.com in the 4th quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in JD.com in the fourth quarter valued at $34,000. Nisa Investment Advisors LLC increased its holdings in JD.com by 71.5% in 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. Modus Advisors LLC acquired a new stake in shares of JD.com in the 4th quarter valued at about $41,000. Finally, Farther Finance Advisors LLC raised its position in shares of JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after purchasing an additional 684 shares during the period. Institutional investors own 15.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JD. Macquarie reissued a "neutral" rating and issued a $35.00 price objective on shares of JD.com in a research note on Wednesday, April 23rd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Bank of America lowered their price objective on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Dbs Bank raised shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.27.

JD.com Price Performance

Shares of JD stock traded up $0.17 during trading on Monday, hitting $32.70. The company had a trading volume of 14,215,650 shares, compared to its average volume of 14,273,674. 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 stock has a market capitalization of $51.57 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The stock's 50-day moving average is $39.34 and its two-hundred day moving average is $38.47.

JD.com Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a $0.76 dividend. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is a boost from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio is currently 26.13%.

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.