JD.com, Inc. (NASDAQ:JD) Shares Bought by Bamco Inc. NY

Bamco Inc. NY raised its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 52.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,230,151 shares of the information services provider's stock after acquiring an additional 421,643 shares during the period. Bamco Inc. NY owned about 0.08% of JD.com worth $42,649,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts have commented on JD shares. Susquehanna reaffirmed a "neutral" rating and set a $45.00 price objective (up from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Bank of America dropped their price objective on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. increased their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, StockNews.com cut shares of JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $49.27.

JD.com Price Performance

JD traded up $0.32 during midday trading on Thursday, hitting $34.14. 6,812,315 shares of the company traded hands, compared to its average volume of 14,232,136. The business has a 50 day simple moving average of $38.10 and a two-hundred day simple moving average of $38.08. 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 $53.83 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 0.31 and a beta of 0.56. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

The business also recently announced 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 a boost from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, April 8th. JD.com's dividend payout ratio is presently 26.13%.

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.