Steward Partners Investment Advisory LLC Acquires 1,031 Shares of JD.com, Inc. (NASDAQ:JD)

Steward Partners Investment Advisory LLC increased its position in shares of JD.com, Inc. (NASDAQ:JD) by 91.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,156 shares of the information services provider’s stock after buying an additional 1,031 shares during the period. Steward Partners Investment Advisory LLC’s holdings in JD.com were worth $75,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Richardson Financial Services Inc. acquired a new stake in shares of JD.com in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group bought a new position in shares of JD.com in the 4th quarter valued at $34,000. Nisa Investment Advisors LLC increased its stake in shares of JD.com by 71.5% in the 4th 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 during the last quarter. Modus Advisors LLC bought a new stake in JD.com during the 4th quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in JD.com during the 3rd quarter worth about $49,000. 15.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on JD shares. JPMorgan Chase & Co. boosted their price objective on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Barclays boosted their price objective on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Mizuho boosted their price objective on JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.64.

JD.com Trading Up 4.7 %

Shares of JD stock opened at $45.21 on Tuesday. The company has a market capitalization of $71.30 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The business’s fifty day moving average is $39.85 and its 200 day moving average is $37.51.

JD.com Increases Dividend

The company 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 $0.76 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is a boost from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio is currently 26.13%.

About JD.com

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.