JD.com, Inc. (NASDAQ:JD) is CoreView Capital Management Ltd's 3rd Largest Position

CoreView Capital Management Ltd lifted its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 204.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,399,711 shares of the information services provider's stock after purchasing an additional 4,299,872 shares during the period. JD.com makes up 23.1% of CoreView Capital Management Ltd's holdings, making the stock its 3rd biggest holding. CoreView Capital Management Ltd owned approximately 0.41% of JD.com worth $221,878,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Richardson Financial Services Inc. acquired a new position in JD.com in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in JD.com during the fourth quarter worth about $34,000. Nisa Investment Advisors LLC boosted 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 valued at $35,000 after acquiring an additional 417 shares during the last quarter. Farther Finance Advisors LLC grew its stake in JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after acquiring an additional 684 shares during the period. Finally, GeoWealth Management LLC increased its stake in shares of JD.com by 129.1% during the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock valued at $48,000 after acquiring an additional 785 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Stock Performance

NASDAQ:JD opened at $33.69 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a market cap of $53.13 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. The company has a 50-day moving average of $37.02 and a 200-day moving average of $37.74.

JD.com Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were issued a $0.76 dividend. This represents a dividend yield of 1.7%. 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. JD.com's payout ratio is presently 23.84%.

Analysts Set New Price Targets

Several research firms have recently weighed in on JD. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Susquehanna cut their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, May 15th. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Morgan Stanley set a $39.00 target price on shares of JD.com in a report on Tuesday, May 13th. Finally, Mizuho dropped their price objective on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Two research 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $47.42.

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.

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