17,193 Shares in JD.com, Inc. (NASDAQ:JD) Acquired by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC bought a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,193 shares of the information services provider's stock, valued at approximately $596,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. bought a new stake in shares of JD.com in the 4th quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in shares of JD.com in the 4th quarter worth about $34,000. 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. Modus Advisors LLC bought a new position in shares of JD.com in the fourth quarter worth $41,000. Finally, Farther Finance Advisors LLC raised its holdings in JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after purchasing an additional 684 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Down 0.7 %

JD stock traded down $0.24 during mid-day trading on Thursday, reaching $35.09. The company had a trading volume of 8,528,114 shares, compared to its average volume of 13,981,055. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82. The company has a market capitalization of $55.34 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 0.31 and a beta of 0.53. The stock has a 50 day simple moving average of $40.30 and a two-hundred day simple moving average of $39.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

JD.com Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be given a $0.76 dividend. This represents a dividend yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is a boost from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is presently 26.13%.

Analyst Ratings Changes

Several brokerages have issued reports on JD. StockNews.com downgraded shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. UBS Group set a $51.00 price objective on JD.com in a research report on Friday, March 7th. Bank of America cut their target price on shares of JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday. Susquehanna reaffirmed a "neutral" rating and issued a $45.00 price target (up from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Finally, Benchmark boosted their target price on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $47.00.

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.