Orion Portfolio Solutions LLC Has $765,000 Stake in JD.com, Inc. (NASDAQ:JD)

Orion Portfolio Solutions LLC lifted its position in shares of JD.com, Inc. (NASDAQ:JD) by 32.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,053 shares of the information services provider’s stock after buying an additional 5,465 shares during the period. Orion Portfolio Solutions LLC’s holdings in JD.com were worth $765,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JD. KBC Group NV lifted 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 buying an additional 242,409 shares in the last quarter. Appaloosa LP raised its holdings in JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. National Bank of Canada FI boosted its position in JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after purchasing an additional 2,211,095 shares during the last quarter. Van ECK Associates Corp grew its stake in JD.com by 20.4% in the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider’s stock valued at $13,646,000 after purchasing an additional 66,693 shares in the last quarter. Finally, Alberta Investment Management Corp increased its position in shares of JD.com by 25.4% during the 4th quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider’s stock worth $17,492,000 after purchasing an additional 102,326 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Down 7.7 %

JD stock opened at $36.81 on Monday. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week 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 stock has a market capitalization of $58.05 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 0.31 and a beta of 0.53. The business’s fifty day moving average price is $41.33 and its two-hundred day moving average price is $39.02.

JD.com Increases Dividend

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

Wall Street Analysts Forecast Growth

JD has been the subject of several recent analyst reports. Benchmark increased their price objective on JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a report on Friday, March 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective 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. Barclays raised their target price on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, Susquehanna reissued a “neutral” rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Two equities research 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.62.

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.