Waverly Advisors LLC Purchases Shares of 8,944 JD.com, Inc. (NASDAQ:JD)

Waverly Advisors LLC acquired a new position in JD.com, Inc. (NASDAQ:JD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,944 shares of the information services provider's stock, valued at approximately $310,000.

Several other large investors have also recently bought and sold shares of the business. FMR LLC lifted its holdings in JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after acquiring an additional 13,170,649 shares during the period. Appaloosa LP lifted its holdings in JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after acquiring an additional 3,165,885 shares during the period. Voya Investment Management LLC acquired a new stake in JD.com in the fourth quarter valued at $109,665,000. Aspex Management HK Ltd acquired a new stake in JD.com in the fourth quarter valued at $93,562,000. Finally, Norges Bank acquired a new stake in JD.com in the fourth quarter valued at $70,130,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Price Performance

JD stock traded down $0.46 during trading on Friday, hitting $32.48. The stock had a trading volume of 4,355,174 shares, compared to its average volume of 13,986,850. The company's 50 day moving average price is $35.38 and its two-hundred day moving average price is $37.42. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The stock has a market cap of $51.23 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth 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 firm also recently declared an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were issued 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 payout ratio is 23.84%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Susquehanna cut their price target on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, May 15th. Macquarie reaffirmed a "neutral" rating and set a $35.00 price target on shares of JD.com in a research note on Wednesday, April 23rd. UBS Group set a $51.00 price target on JD.com in a research note on Friday, March 7th. Finally, Mizuho cut their price target on JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.33.

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.