Canada Pension Plan Investment Board Invests $6.55 Million in JD.com, Inc. (NASDAQ:JD)

Canada Pension Plan Investment Board bought a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 188,800 shares of the information services provider's stock, valued at approximately $6,546,000.

Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in JD.com by 51.2% in the fourth quarter. NewEdge Advisors LLC now owns 11,077 shares of the information services provider's stock worth $384,000 after purchasing an additional 3,750 shares in the last quarter. Jump Financial LLC acquired a new position in JD.com during the 4th quarter worth about $5,449,000. Causeway Capital Management LLC lifted its position in JD.com by 2.7% during the 4th quarter. Causeway Capital Management LLC now owns 1,511,092 shares of the information services provider's stock worth $52,390,000 after buying an additional 40,001 shares in the last quarter. XTX Topco Ltd grew its holdings in JD.com by 97.7% during the 4th quarter. XTX Topco Ltd now owns 28,157 shares of the information services provider's stock worth $976,000 after acquiring an additional 13,914 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in JD.com in the 4th quarter valued at about $596,000. 15.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on JD. Macquarie reissued a "neutral" rating and set a $35.00 price target on shares of JD.com in a research note on Wednesday. Bank of America decreased their price objective on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Benchmark boosted their target price on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Susquehanna reiterated a "neutral" rating and issued a $45.00 price target (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Finally, UBS Group set a $51.00 price objective on JD.com in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $49.27.

JD.com Trading Up 0.2 %

Shares of JD.com stock traded up $0.06 during trading hours on Friday, hitting $32.53. The company's stock had a trading volume of 14,377,422 shares, compared to its average volume of 14,273,793. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company has a market capitalization of $51.30 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The stock has a 50 day moving average of $39.34 and a 200 day moving average of $38.47.

JD.com Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, April 8th. This represents a yield of 1.7%. This is a positive change from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is presently 26.13%.

About JD.com

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.