Teachers Retirement System of The State of Kentucky Acquires 26,400 Shares of JD.com, Inc. (NASDAQ:JD)

Teachers Retirement System of The State of Kentucky boosted its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 395,500 shares of the information services provider's stock after buying an additional 26,400 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in JD.com were worth $13,712,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of JD. Richardson Financial Services Inc. acquired a new stake in JD.com in the fourth quarter valued at about $27,000. Brooklyn Investment Group acquired a new stake in JD.com in the fourth quarter valued at about $34,000. Nisa Investment Advisors LLC boosted its stake in shares of JD.com by 71.5% during the fourth 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 in the last quarter. Modus Advisors LLC acquired a new stake in shares of JD.com during the fourth quarter valued at about $41,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock valued at $45,000 after purchasing an additional 684 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JD has been the topic of a number of recent research reports. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Macquarie reissued a "neutral" rating and set a $35.00 price target on shares of JD.com in a research note on Wednesday. Bank of America cut their price target 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. Finally, Benchmark lifted their price target on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, JD.com currently has an average rating of "Moderate Buy" and a consensus target price of $49.27.

JD.com Trading Up 0.2 %

JD traded up $0.06 during trading on Friday, hitting $32.53. The company's stock had a trading volume of 14,377,422 shares, compared to its average volume of 14,273,793. The firm has a market capitalization of $51.30 billion, a P/E ratio of 10.29, a PEG ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. 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 stock's fifty day moving average price is $39.34 and its 200-day moving average price is $38.47.

JD.com Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. The ex-dividend date is Tuesday, April 8th. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. JD.com's dividend payout ratio is currently 26.13%.

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.