Corient Private Wealth LLC Raises Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Corient Private Wealth LLC raised its stake in JD.com, Inc. (NASDAQ:JD) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,377 shares of the information services provider’s stock after purchasing an additional 1,211 shares during the period. Corient Private Wealth LLC’s holdings in JD.com were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Maple Rock Capital Partners Inc. raised its stake in JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after buying an additional 200,200 shares during the last quarter. KBC Group NV grew its position in JD.com by 213.4% during the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock worth $12,343,000 after purchasing an additional 242,409 shares during the last quarter. Appaloosa LP increased its stake in JD.com by 43.4% during the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock valued at $362,852,000 after purchasing an additional 3,165,885 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of JD.com by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider’s stock worth $13,646,000 after buying an additional 66,693 shares during the period. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on JD shares. Dbs Bank raised JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Mizuho increased their price objective on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, March 7th. UBS Group set a $51.00 target price on JD.com in a report on Friday, March 7th. Susquehanna reiterated a “neutral” rating and issued a $45.00 price target (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.64.

JD.com Stock Performance

Shares of JD stock opened at $41.58 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. 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. The business’s 50 day moving average is $41.25 and its two-hundred day moving average is $38.54. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82.

JD.com Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.76 per share. The ex-dividend date is Tuesday, April 8th. This is a boost 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 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.