JARISLOWSKY FRASER Ltd Has $860,000 Position in JD.com, Inc. (NASDAQ:JD)

JARISLOWSKY FRASER Ltd boosted its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 161.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,792 shares of the information services provider's stock after buying an additional 15,326 shares during the period. JARISLOWSKY FRASER Ltd's holdings in JD.com were worth $860,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JD. FMR LLC boosted its position in JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after acquiring an additional 13,170,649 shares during the period. Appaloosa LP raised its stake in shares of JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after purchasing an additional 3,165,885 shares in the last quarter. Voya Investment Management LLC acquired a new stake in JD.com in the fourth quarter worth about $109,665,000. Aspex Management HK Ltd bought a new position in JD.com in the 4th quarter valued at about $93,562,000. Finally, Norges Bank acquired a new position in JD.com during the 4th quarter valued at about $70,130,000. 15.98% of the stock is currently owned by institutional investors.

JD.com Trading Down 3.9%

Shares of NASDAQ:JD traded down $1.38 during midday trading on Thursday, reaching $34.35. The company had a trading volume of 19,580,451 shares, compared to its average volume of 14,435,385. The company has a fifty day simple moving average of $37.42 and a two-hundred day simple moving average of $37.93. The firm has a market cap of $54.17 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. 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 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 represents a dividend yield of 1.7%. This is a boost from JD.com's previous annual dividend of $0.74. The ex-dividend date was Tuesday, April 8th. JD.com's dividend payout ratio (DPR) is presently 26.13%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on JD shares. Susquehanna reduced their price target on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday. Morgan Stanley set a $39.00 target price on JD.com in a research report on Tuesday. Mizuho lowered their price target on JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Wednesday. Bank of America cut their price objective on JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Barclays lifted their target price on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Two equities 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 company's stock. According to MarketBeat.com, the stock 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.