DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 95.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,718 shares of the information services provider's stock after buying an additional 26,758 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in JD.com were worth $1,897,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in JD. Richardson Financial Services Inc. bought a new position in JD.com in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in shares of JD.com during the fourth quarter worth $34,000. Nisa Investment Advisors LLC grew its stake in shares of JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after buying an additional 417 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after buying an additional 684 shares during the last quarter. Finally, GeoWealth Management LLC grew its stake in shares of JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after buying an additional 785 shares during the last quarter. 15.98% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have weighed in on JD. Macquarie reaffirmed a "neutral" rating and set a $35.00 target price on shares of JD.com in a research note on Wednesday, April 23rd. Benchmark decreased their target price on shares of JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a research note on Wednesday. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, Barclays lifted their price target on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $47.83.
Check Out Our Latest Stock Report on JD
JD.com Stock Down 4.1%
Shares of NASDAQ JD traded down $1.52 during trading on Wednesday, hitting $35.73. 16,871,058 shares of the company traded hands, compared to its average volume of 14,414,715. The business's fifty day moving average is $37.55 and its 200 day moving average is $37.94. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The firm has a market capitalization of $56.35 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 0.31 and a beta of 0.56. 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 disclosed an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a dividend yield of 1.7%. This is a positive change from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio is currently 26.13%.
About JD.com
(
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.
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