MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in JD.com, Inc. (NASDAQ:JD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,844 shares of the information services provider's stock after purchasing an additional 12,350 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in JD.com were worth $3,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in JD.com by 86.2% in the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after purchasing an additional 13,170,649 shares during the period. Appaloosa LP lifted its position in shares of JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after buying an additional 3,165,885 shares in the last quarter. Voya Investment Management LLC purchased a new stake in shares of JD.com in the 4th quarter valued at $109,665,000. Aspex Management HK Ltd purchased a new stake in JD.com during the 4th quarter worth $93,562,000. Finally, Norges Bank bought a new stake in shares of JD.com during the 4th quarter worth $70,130,000. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on JD shares. Morgan Stanley set a $39.00 price target on shares of JD.com in a research note on Tuesday, May 13th. Citigroup reaffirmed a "buy" rating and set a $51.00 price objective (down previously from $56.00) on shares of JD.com in a research report on Monday, April 28th. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. UBS Group set a $51.00 price objective on JD.com in a research report on Friday, March 7th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Two 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $47.42.

JD.com Stock Performance

NASDAQ JD traded down $0.34 on Friday, reaching $33.35. The stock had a trading volume of 6,522,300 shares, compared to its average volume of 14,058,599. JD.com, Inc. has a 1-year low of $24.13 and a 1-year 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. The firm has a fifty day moving average of $36.22 and a two-hundred day moving average of $37.57. The company has a market cap of $52.60 billion, a P/E ratio of 10.55, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56.

JD.com Increases Dividend

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

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.