Voya Investment Management LLC purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,163,100 shares of the information services provider's stock, valued at approximately $109,665,000. Voya Investment Management LLC owned approximately 0.20% of JD.com as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in JD. Virtu Financial LLC grew its holdings in shares of JD.com by 86.5% during the 3rd quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider's stock valued at $2,766,000 after purchasing an additional 32,079 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of JD.com during the third quarter valued at about $3,170,000. Wilmington Savings Fund Society FSB bought a new position in shares of JD.com during the third quarter valued at about $49,000. Tidal Investments LLC increased its holdings in shares of JD.com by 38.7% in the third quarter. Tidal Investments LLC now owns 34,036 shares of the information services provider's stock worth $1,361,000 after buying an additional 9,500 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of JD.com in the 3rd quarter valued at about $341,000. Institutional investors own 15.98% of the company's stock.
Analyst Ratings Changes
JD has been the topic of a number of analyst reports. Macquarie restated a "neutral" rating and issued a $35.00 price objective on shares of JD.com in a research report on Wednesday, April 23rd. Bank of America dropped 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. Benchmark boosted their price objective on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, March 7th. StockNews.com cut shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Barclays lifted their price objective on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, JD.com presently has an average rating of "Moderate Buy" and an average price target of $49.27.
Check Out Our Latest Stock Analysis on JD.com
JD.com Stock Down 2.1 %
NASDAQ JD traded down $0.69 during mid-day trading on Wednesday, reaching $32.19. The stock had a trading volume of 6,393,928 shares, compared to its average volume of 14,250,222. The stock has a market cap of $50.77 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. 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 current ratio of 1.17 and a quick ratio of 0.90. The company has a fifty day moving average price of $39.04 and a 200 day moving average price of $38.36.
JD.com Increases Dividend
The firm also recently disclosed an annual dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This is a boost from JD.com's previous annual dividend of $0.74. This represents a dividend yield of 1.7%. JD.com's dividend payout ratio (DPR) is 26.13%.
JD.com Profile
(
Free Report)
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.
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