Raymond James Financial Inc. Takes Position in JD.com, Inc. (NASDAQ:JD)

Raymond James Financial Inc. purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 68,166 shares of the information services provider's stock, valued at approximately $2,363,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Muhlenkamp & Co. Inc. bought a new stake in JD.com during the 4th quarter valued at $3,359,000. Advisory Services Network LLC raised its holdings in JD.com by 394.1% in the 4th quarter. Advisory Services Network LLC now owns 30,862 shares of the information services provider's stock worth $1,070,000 after purchasing an additional 24,616 shares in the last quarter. Greenland Capital Management LP bought a new position in JD.com in the 4th quarter worth $968,000. Renaissance Technologies LLC raised its holdings in JD.com by 1,331.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,143,700 shares of the information services provider's stock worth $39,652,000 after purchasing an additional 1,063,800 shares in the last quarter. Finally, Bank of Nova Scotia bought a new position in JD.com in the 4th quarter worth $3,818,000. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Performance

Shares of JD opened at $32.88 on Wednesday. The business's fifty day simple moving average is $39.04 and its two-hundred day simple moving average is $38.36. 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, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The company has a market cap of $51.86 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 0.31 and a beta of 0.53.

JD.com Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.76 per share. This represents a yield of 1.7%. This is an increase 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 currently 26.13%.

Wall Street Analysts Forecast Growth

JD has been the subject of several research reports. Susquehanna restated a "neutral" rating and issued a $45.00 price objective (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a report on Friday, March 7th. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Citigroup reiterated a "buy" rating and issued a $51.00 price target (down from $56.00) on shares of JD.com in a research note on Monday. Finally, Barclays boosted their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $49.27.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.