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

Raymond James Financial Inc. acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) in the 4th quarter, Holdings Channel reports. The fund acquired 68,166 shares of the information services provider’s stock, valued at approximately $2,363,000.

Other large investors have also modified their holdings of the company. Richardson Financial Services Inc. purchased a new position in JD.com during the 4th quarter worth $27,000. Brooklyn Investment Group purchased a new position in JD.com in the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC boosted its position 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 worth $35,000 after buying an additional 417 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of JD.com during the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com in the third quarter valued at $49,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Trading Down 3.1 %

Shares of JD opened at $41.58 on Friday. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The stock has a 50-day moving average price of $41.25 and a 200 day moving average price of $38.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The company has a market capitalization of $65.58 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on JD. JPMorgan Chase & Co. raised their price target on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. UBS Group set a $51.00 target price on shares of JD.com in a research note on Friday, March 7th. Barclays increased their price target on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Finally, Benchmark increased their target price on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.64.

JD.com Company 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.