Lakeshore Capital Group Inc. Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Lakeshore Capital Group Inc. bought a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,200 shares of the information services provider's stock, valued at approximately $458,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in 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 purchasing an additional 265 shares during the period. Quintet Private Bank Europe S.A. lifted its holdings in shares of JD.com by 4.5% in 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 boosted its position 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 worth $35,000 after buying an additional 417 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of 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 worth $353,000 after buying an additional 436 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA raised its position in JD.com by 57.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,868 shares of the information services provider's stock valued at $65,000 after buying an additional 678 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of NASDAQ JD traded down $0.59 during midday trading on Friday, hitting $32.35. 11,019,075 shares of the company's stock were exchanged, compared to its average volume of 14,026,726. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $51.02 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The company's 50 day moving average price is $35.19 and its 200 day moving average price is $37.39.

JD.com Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were issued a $0.76 dividend. 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 of this dividend was Tuesday, April 8th. JD.com's payout ratio is currently 23.84%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on JD shares. Wall Street Zen cut shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday. Susquehanna reduced their target price on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, May 15th. Bank of America cut their price target on shares of JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Dbs Bank upgraded JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. reduced their price target on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, JD.com currently has a consensus rating of "Moderate Buy" and an average target price of $46.33.

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.