National Bank of Canada FI Purchases 3,305,956 Shares of JD.com, Inc. (NASDAQ:JD)

National Bank of Canada FI grew its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 292.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,436,719 shares of the information services provider's stock after acquiring an additional 3,305,956 shares during the quarter. National Bank of Canada FI owned about 0.28% of JD.com worth $120,679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in JD.com by 13.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 623,748 shares of the information services provider's stock valued at $18,170,000 after purchasing an additional 72,278 shares in the last quarter. Henry James International Management Inc. raised its position in JD.com by 16.3% in the third quarter. Henry James International Management Inc. now owns 22,491 shares of the information services provider's stock worth $655,000 after acquiring an additional 3,144 shares in the last quarter. SeaBridge Investment Advisors LLC raised its position in JD.com by 1.8% in the third quarter. SeaBridge Investment Advisors LLC now owns 42,097 shares of the information services provider's stock worth $1,226,000 after acquiring an additional 730 shares in the last quarter. TD Asset Management Inc lifted its holdings in JD.com by 23.7% in the 3rd quarter. TD Asset Management Inc now owns 21,409 shares of the information services provider's stock valued at $624,000 after acquiring an additional 4,100 shares during the last quarter. Finally, ING Groep NV grew its stake in shares of JD.com by 88.3% in the 3rd quarter. ING Groep NV now owns 54,412 shares of the information services provider's stock worth $1,585,000 after purchasing an additional 25,515 shares during the last quarter. Institutional investors own 15.98% of the company's stock.

JD.com Stock Performance

JD traded up $0.23 on Friday, hitting $32.87. The company had a trading volume of 11,366,600 shares, compared to its average volume of 11,265,004. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $41.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.90. The company's fifty day moving average price is $26.60 and its 200 day moving average price is $25.92. The stock has a market cap of $51.84 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 0.26 and a beta of 0.51.

JD.com (NASDAQ:JD - Get Free Report) last announced its earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, beating the consensus estimate of $0.56 by $4.74. The firm had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. Equities analysts predict that JD.com, Inc. will post 2.85 earnings per share for the current fiscal year.

JD.com Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, April 29th. Investors of record on Friday, April 5th were given a dividend of $0.74 per share. This represents a yield of 2.99%. The ex-dividend date was Thursday, April 4th. JD.com's dividend payout ratio (DPR) is presently 34.74%.

Analysts Set New Price Targets

JD has been the topic of a number of analyst reports. Mizuho lifted their price target on JD.com from $32.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. The Goldman Sachs Group began coverage on shares of JD.com in a report on Thursday, April 25th. They set a "buy" rating and a $37.00 price target on the stock. StockNews.com upgraded shares of JD.com from a "hold" rating to a "buy" rating in a research report on Monday, April 8th. Susquehanna lowered their price objective on shares of JD.com from $30.00 to $28.00 and set a "neutral" rating on the stock in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. increased their target price on JD.com from $25.00 to $28.00 and gave the company a "hold" rating in a report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $35.60.

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.