CoreView Capital Management Ltd Buys 4,299,872 Shares of JD.com, Inc. (NASDAQ:JD)

CoreView Capital Management Ltd grew its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 204.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,399,711 shares of the information services provider's stock after buying an additional 4,299,872 shares during the period. JD.com makes up about 23.1% of CoreView Capital Management Ltd's investment portfolio, making the stock its 3rd largest holding. CoreView Capital Management Ltd owned about 0.41% of JD.com worth $221,878,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in JD.com by 1.7% in the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock valued at $561,000 after acquiring an additional 265 shares during the period. Quintet Private Bank Europe S.A. lifted its position in JD.com by 4.5% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock valued at $271,000 after purchasing an additional 334 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in 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 valued at $35,000 after purchasing an additional 417 shares during the period. Sequoia Financial Advisors LLC grew its holdings in JD.com by 4.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock valued at $353,000 after purchasing an additional 436 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in shares of JD.com by 0.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock worth $3,487,000 after buying an additional 597 shares during the period. Institutional investors own 15.98% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Macquarie restated a "neutral" rating and set a $35.00 price objective on shares of JD.com in a research report on Wednesday, April 23rd. Barclays lifted their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Mizuho dropped their target price on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. Susquehanna reduced their price target on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th. Finally, Dbs Bank raised shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $47.42.

JD.com Stock Down 1.0%

NASDAQ:JD traded down $0.34 during mid-day trading on Friday, hitting $33.35. 6,522,300 shares of the company's stock traded hands, compared to its average volume of 14,058,599. The company has a fifty day moving average of $36.22 and a 200 day moving average of $37.59. 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, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. The company has a market capitalization of $52.60 billion, a P/E ratio of 10.55, a P/E/G ratio of 0.31 and a beta of 0.56.

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 paid a dividend of $0.76 per share. This is an increase from JD.com's previous annual dividend of $0.74. This represents a dividend yield of 1.7%. The ex-dividend date was Tuesday, April 8th. JD.com's 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.