DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 95.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,718 shares of the information services provider's stock after buying an additional 26,758 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in JD.com were worth $1,897,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Richardson Financial Services Inc. purchased a new stake in shares of JD.com during the 4th quarter worth $27,000. Brooklyn Investment Group purchased a new stake in shares of JD.com during the 4th quarter worth $34,000. Nisa Investment Advisors LLC lifted its stake in shares of JD.com by 71.5% during 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 last quarter. Farther Finance Advisors LLC lifted its stake in shares of JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after purchasing an additional 684 shares during the last quarter. Finally, GeoWealth Management LLC raised its stake in JD.com by 129.1% in the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock valued at $48,000 after buying an additional 785 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have commented on JD. Citigroup reiterated a "buy" rating and issued a $51.00 price target (down from $56.00) on shares of JD.com in a research note on Monday, April 28th. Morgan Stanley set a $39.00 price objective on JD.com in a report on Tuesday. Bank of America cut their price objective on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a report on Friday, March 7th. Finally, Mizuho cut their price objective on JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $47.42.
Get Our Latest Stock Report on JD.com
JD.com Stock Performance
JD stock traded down $0.73 during trading on Friday, hitting $33.63. 7,868,214 shares of the company traded hands, compared to its average volume of 14,424,295. The stock's 50-day simple moving average is $37.30 and its 200 day simple moving average is $37.88. 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 cap of $53.03 billion, a PE ratio of 10.64, a P/E/G ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82.
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 given a dividend of $0.76 per share. This is a boost from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, April 8th. JD.com's dividend payout ratio (DPR) is currently 26.13%.
JD.com Profile
(
Free Report)
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.
Further Reading
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