IHT Wealth Management LLC Purchases Shares of 8,268 JD.com, Inc. (NASDAQ:JD)

IHT Wealth Management LLC acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,268 shares of the information services provider's stock, valued at approximately $287,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new stake in shares of JD.com during the 4th quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in JD.com during the fourth quarter valued at $34,000. Nisa Investment Advisors LLC raised its holdings 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 purchasing an additional 417 shares during the period. Modus Advisors LLC bought a new position in shares of JD.com in the 4th quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com in the 3rd quarter valued at about $49,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of NASDAQ JD traded down $0.26 during mid-day trading on Wednesday, reaching $32.62. 12,084,556 shares of the company traded hands, compared to its average volume of 14,290,057. The firm has a market cap of $51.45 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. 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, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The stock has a fifty day simple moving average of $39.04 and a 200-day simple moving average of $38.36.

JD.com Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were paid a $0.76 dividend. This represents a dividend yield of 1.7%. The ex-dividend date was Tuesday, April 8th. This is an increase from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is currently 26.13%.

Analyst Ratings Changes

JD has been the topic of a number of recent research reports. Bank of America cut their target price 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. Dbs Bank upgraded JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. UBS Group set a $51.00 target price on JD.com in a research note on Friday, March 7th. Susquehanna restated a "neutral" rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.27.

About JD.com

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.