Alliancebernstein L.P. Buys New Shares in JD.com, Inc. (NASDAQ:JD)

Alliancebernstein L.P. acquired a new position in JD.com, Inc. (NASDAQ:JD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 38,687 shares of the information services provider's stock, valued at approximately $1,341,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its position in JD.com by 41.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 293,745 shares of the information services provider's stock valued at $10,184,000 after buying an additional 85,454 shares during the period. Allianz SE acquired a new stake in JD.com during the fourth quarter valued at $52,000. Transamerica Financial Advisors Inc. grew its position in JD.com by 41.1% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 3,604 shares of the information services provider's stock valued at $125,000 after buying an additional 1,050 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of JD.com by 32.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 22,053 shares of the information services provider's stock valued at $765,000 after purchasing an additional 5,465 shares during the period. Finally, Premier Fund Managers Ltd acquired a new stake in shares of JD.com in the fourth quarter valued at about $6,148,000. Institutional investors and hedge funds own 15.98% of the company's stock.

Wall Street Analyst Weigh In

JD has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Susquehanna reiterated 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. Macquarie reissued a "neutral" rating and issued a $35.00 price target on shares of JD.com in a research note on Wednesday. Finally, Mizuho raised their price target on shares of JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $48.25.

JD.com Trading Down 3.5 %

Shares of JD.com stock traded down $1.16 on Thursday, reaching $32.40. The company had a trading volume of 7,221,265 shares, compared to its average volume of 14,209,545. The firm's 50 day moving average price is $39.64 and its two-hundred day moving average price is $38.71. The firm has a market cap of $51.10 billion, a PE ratio of 10.29, a PEG ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a 52-week low of $24.13 and a 52-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 business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a $0.76 dividend. This represents a dividend yield of 1.7%. This is an increase from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. JD.com's payout ratio is 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.