Baker Avenue Asset Management LP Takes Position in JD.com, Inc. (NASDAQ:JD)

Baker Avenue Asset Management LP bought a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 59,958 shares of the information services provider's stock, valued at approximately $2,079,000.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after buying an additional 13,170,649 shares during the last quarter. Appaloosa LP grew its stake in shares of JD.com by 43.4% in 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 during the period. Voya Investment Management LLC purchased a new stake in JD.com in the fourth quarter worth approximately $109,665,000. Aspex Management HK Ltd bought a new stake in JD.com in the 4th quarter worth approximately $93,562,000. Finally, Norges Bank purchased a new position in shares of JD.com in the 4th quarter worth $70,130,000. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JD. Susquehanna restated a "neutral" rating and issued a $45.00 price target (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Bank of America lowered their price target on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Mizuho raised their price objective on JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, Benchmark raised their price objective on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $49.27.

JD.com Stock Performance

NASDAQ JD traded up $0.32 during trading on Thursday, reaching $34.14. The company's stock had a trading volume of 6,812,315 shares, compared to its average volume of 14,232,136. The business's fifty day moving average price is $38.10 and its 200-day moving average price is $38.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The firm has a market cap of $53.83 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82.

JD.com Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were given a $0.76 dividend. This is a boost from JD.com's previous annual dividend of $0.74. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a yield of 1.7%. JD.com's dividend payout ratio is presently 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.