Geode Capital Management LLC Buys 3,540 Shares of JD.com, Inc. (NASDAQ:JD)

Geode Capital Management LLC grew its stake in shares of JD.com, Inc. (NASDAQ:JD) by 0.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 404,729 shares of the information services provider’s stock after purchasing an additional 3,540 shares during the period. Geode Capital Management LLC’s holdings in JD.com were worth $14,032,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in JD.com in the 4th quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in shares of JD.com during the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC increased its stake in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 417 shares during the period. Modus Advisors LLC acquired a new position in JD.com in the fourth quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in JD.com during the third quarter worth about $49,000. Institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

JD has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. UBS Group set a $51.00 price objective on JD.com in a report on Friday, March 7th. Bank of America reduced their target price on shares of JD.com from $51.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. 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, Mizuho boosted their price target on shares of JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $48.67.

JD.com Stock Performance

JD stock opened at $34.70 on Monday. The stock has a market capitalization of $54.73 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. 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 50 day moving average price of $40.02 and a 200 day moving average price of $38.88. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82.

JD.com Increases Dividend

The company also recently declared 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 represents a dividend yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is a positive change from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio is 26.13%.

JD.com 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.