First Hawaiian Bank Invests $1.44 Million in JD.com, Inc. (NASDAQ:JD)

First Hawaiian Bank bought a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 35,086 shares of the information services provider's stock, valued at approximately $1,443,000.

Other large investors have also recently bought and sold shares of the company. Fairtree Asset Management Pty Ltd acquired a new position in JD.com in the 4th quarter worth about $4,974,000. Wealth Enhancement Advisory Services LLC boosted its stake in JD.com by 5.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,333 shares of the information services provider's stock valued at $428,000 after purchasing an additional 645 shares during the period. Siemens Fonds Invest GmbH bought a new stake in JD.com during the 4th quarter valued at approximately $1,989,000. Jefferies Financial Group Inc. lifted its position in shares of JD.com by 169.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 33,086 shares of the information services provider's stock worth $1,147,000 after acquiring an additional 20,829 shares during the period. Finally, Lakeshore Capital Group Inc. bought a new stake in shares of JD.com in the 4th quarter worth approximately $458,000. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Trading Up 2.6%

Shares of NASDAQ JD traded up $0.83 during midday trading on Wednesday, hitting $33.24. The stock had a trading volume of 6,703,331 shares, compared to its average volume of 13,975,882. The company's 50-day simple moving average is $34.81 and its 200 day simple moving average is $37.38. The firm has a market cap of $52.42 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

JD.com Increases Dividend

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

Analysts Set New Price Targets

JD has been the subject of a number of research reports. Bank of America reduced their price objective on JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Susquehanna reduced their price objective on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Morgan Stanley set a $39.00 price objective on JD.com in a research report on Tuesday, May 13th. Barclays raised their target price on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their target price on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, JD.com has an average rating of "Moderate Buy" and an average target price of $46.33.

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.