17,193 Shares in JD.com, Inc. (NASDAQ:JD) Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC bought a new position in JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,193 shares of the information services provider's stock, valued at approximately $596,000.

Several other institutional investors and hedge funds have also modified their holdings of JD. Rhumbline Advisers increased its stake in shares of JD.com by 1.7% during the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock worth $561,000 after purchasing an additional 265 shares during the last quarter. Quintet Private Bank Europe S.A. boosted its stake in shares of JD.com by 4.5% during 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 acquiring an additional 334 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of 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 valued at $35,000 after acquiring an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in JD.com by 4.5% during the fourth 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 position in shares of JD.com by 0.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock valued at $3,487,000 after purchasing an additional 597 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. UBS Group set a $51.00 price objective on JD.com in a research report on Friday, March 7th. Mizuho increased their price target on shares of JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Bank of America cut their price objective on shares of JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Dbs Bank raised JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, Benchmark upped their target price on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $48.67.

JD.com Stock Down 2.0 %

Shares of NASDAQ:JD traded down $0.70 during trading on Tuesday, hitting $33.37. 7,717,331 shares of the company's stock traded hands, compared to its average volume of 14,142,263. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $39.92 and a 200-day moving average price of $38.79. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82. The company has a market cap of $52.62 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53.

JD.com Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.76 per share. This is an increase from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 1.7%. JD.com's dividend payout ratio is currently 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.