Siemens Fonds Invest GmbH Invests $1.99 Million in JD.com, Inc. (NASDAQ:JD)

Siemens Fonds Invest GmbH acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 62,891 shares of the information services provider's stock, valued at approximately $1,989,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rhumbline Advisers grew its position in JD.com by 1.7% in the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock valued at $561,000 after acquiring an additional 265 shares in the last quarter. Quintet Private Bank Europe S.A. grew its position in JD.com by 4.5% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock valued at $271,000 after acquiring an additional 334 shares in the last quarter. Nisa Investment Advisors LLC grew its position in JD.com by 71.5% in the fourth 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 in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of JD.com by 4.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock valued at $353,000 after buying an additional 436 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of JD.com by 0.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock valued at $3,487,000 after buying an additional 597 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

Wall Street Analysts Forecast Growth

JD has been the subject of several research analyst reports. Dbs Bank upgraded JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Macquarie reiterated a "neutral" rating and set a $35.00 target price on shares of JD.com in a research note on Wednesday, April 23rd. Barclays increased their target price on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Susquehanna reduced their price objective on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $47.42.

JD.com Stock Up 0.8%

Shares of JD traded up $0.26 during midday trading on Tuesday, reaching $33.95. 10,687,204 shares of the stock were exchanged, compared to its average volume of 14,362,983. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The firm has a 50 day simple moving average of $37.02 and a 200-day simple moving average of $37.74. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a market cap of $53.54 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 0.31 and a beta of 0.56.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were given a $0.76 dividend. This is an increase 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 payout ratio is currently 23.84%.

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.