J. Goldman & Co LP Buys New Shares in JD.com, Inc. (NASDAQ:JD)

J. Goldman & Co LP acquired a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,200 shares of the information services provider's stock, valued at approximately $770,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new stake in shares of JD.com in the 4th quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of JD.com in the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC raised its position in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after acquiring an additional 417 shares during the period. Farther Finance Advisors LLC raised its position in shares of JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock valued at $45,000 after acquiring an additional 684 shares during the period. Finally, GeoWealth Management LLC raised its position in shares of JD.com by 129.1% in the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock valued at $48,000 after acquiring an additional 785 shares during the period. 15.98% of the stock is owned by institutional investors.

JD.com Stock Down 3.9%

Shares of JD traded down $1.38 during mid-day trading on Thursday, hitting $34.35. 19,580,451 shares of the company's stock were exchanged, compared to its average volume of 14,435,431. The company has a market cap of $54.17 billion, a PE ratio of 10.87, a P/E/G ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82. The company has a 50-day simple moving average of $37.42 and a 200 day simple moving average of $37.93. 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 declared an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.76 per share. This is a boost 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 dividend payout ratio (DPR) is currently 26.13%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Barclays boosted their price objective on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Benchmark dropped their target price on shares of JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a report on Wednesday. Bank of America reduced their price target on shares of JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Morgan Stanley set a $39.00 price objective on shares of JD.com in a report on Tuesday. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.42.

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.