JD.com, Inc. (NASDAQ:JD) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE grew its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 63.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,420,595 shares of the information services provider's stock after buying an additional 938,036 shares during the quarter. Bank of America Corp DE owned 0.15% of JD.com worth $83,922,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Rhumbline Advisers lifted its holdings in shares of JD.com by 1.7% in the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock valued at $561,000 after buying an additional 265 shares during the period. Quintet Private Bank Europe S.A. raised its holdings in JD.com by 4.5% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock worth $271,000 after purchasing an additional 334 shares during the period. Nisa Investment Advisors LLC raised its holdings in JD.com by 71.5% in the 4th 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 during the period. Sequoia Financial Advisors LLC raised its holdings in JD.com by 4.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock worth $353,000 after purchasing an additional 436 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in JD.com by 0.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock worth $3,487,000 after purchasing an additional 597 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Price Performance

Shares of JD.com stock traded down $0.80 during mid-day trading on Friday, reaching $33.55. 13,257,060 shares of the stock traded hands, compared to its average volume of 14,387,750. The business has a 50-day moving average of $37.15 and a 200 day moving average of $37.81. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The stock has a market capitalization of $52.91 billion, a PE ratio of 10.62, a PEG ratio of 0.31 and a beta of 0.56. 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 Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were issued a $0.76 dividend. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, April 8th. This is a boost from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is currently 26.13%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Macquarie reaffirmed a "neutral" rating and issued a $35.00 price target on shares of JD.com in a report on Wednesday, April 23rd. Susquehanna reduced their price target on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday. Barclays upped their price target on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Morgan Stanley set a $39.00 price target on JD.com in a report on Tuesday. Finally, UBS Group set a $51.00 price target on JD.com in a report on Friday, March 7th. Two equities 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 company's stock. According to MarketBeat.com, JD.com currently has an average rating of "Moderate Buy" and an average price target of $47.42.

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.