Fairtree Asset Management Pty Ltd Invests $4.97 Million in JD.com, Inc. (NASDAQ:JD)

Fairtree Asset Management Pty Ltd purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 143,476 shares of the information services provider's stock, valued at approximately $4,974,000. JD.com makes up 4.8% of Fairtree Asset Management Pty Ltd's investment portfolio, making the stock its 4th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers grew its stake 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 worth $561,000 after acquiring an additional 265 shares in the last quarter. Quintet Private Bank Europe S.A. grew its stake in shares of 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 acquiring an additional 334 shares in the last quarter. Nisa Investment Advisors LLC grew 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 worth $35,000 after acquiring an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of 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 acquiring an additional 436 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JD.com by 5.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,333 shares of the information services provider's stock worth $428,000 after buying an additional 645 shares during the last quarter. Institutional investors own 15.98% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on JD shares. JPMorgan Chase & Co. dropped their target price on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday. Barclays upped their price target on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Morgan Stanley set a $39.00 price target on shares of JD.com in a research note on Tuesday, May 13th. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Finally, Susquehanna dropped their price target on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.33.

JD.com Price Performance

JD.com stock traded down $0.59 during midday trading on Friday, reaching $32.35. 11,019,075 shares of the stock were exchanged, compared to its average volume of 14,026,723. The company's fifty day moving average is $35.38 and its 200-day moving average is $37.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The firm has a market cap of $51.02 billion, a PE ratio of 10.24, a PEG ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82.

JD.com Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were issued a $0.76 dividend. This is a positive change from JD.com's previous annual dividend of $0.74. The ex-dividend date was Tuesday, April 8th. This represents a dividend yield of 1.7%. JD.com's dividend payout ratio is presently 23.84%.

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.