Siemens Fonds Invest GmbH bought a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 62,891 shares of the information services provider's stock, valued at approximately $1,989,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC boosted its holdings in JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after buying an additional 13,170,649 shares in the last quarter. Appaloosa LP boosted its holdings in JD.com by 43.4% during 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. CoreView Capital Management Ltd boosted its holdings in JD.com by 204.8% during the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock worth $221,878,000 after buying an additional 4,299,872 shares in the last quarter. Temasek Holdings Private Ltd boosted its holdings in JD.com by 18.4% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock worth $160,366,000 after buying an additional 718,760 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in JD.com by 76.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock worth $114,886,000 after buying an additional 1,440,418 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Morgan Stanley set a $39.00 price target on shares of JD.com in a report on Tuesday, May 13th. Susquehanna decreased their price objective 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. Bank of America decreased their price objective on shares of JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Macquarie reaffirmed a "neutral" rating and set a $35.00 price objective on shares of JD.com in a report on Wednesday, April 23rd. Finally, Barclays increased their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and an average target price of $46.33.
View Our Latest Stock Analysis on JD
JD.com Price Performance
Shares of NASDAQ JD traded down $0.59 during mid-day trading on Friday, reaching $32.35. The company's stock had a trading volume of 11,019,075 shares, compared to its average volume of 14,043,530. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The stock has a market capitalization of $51.02 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.31 and a beta of 0.56. The stock has a 50-day moving average of $35.19 and a two-hundred day moving average of $37.43. 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 Increases Dividend
The company also recently disclosed an annual dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were given a dividend of $0.76 per share. 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 presently 23.84%.
JD.com Company Profile
(
Free Report)
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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