NewEdge Advisors LLC Grows Position in JD.com, Inc. (NASDAQ:JD)

NewEdge Advisors LLC grew its stake in JD.com, Inc. (NASDAQ:JD) by 51.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,077 shares of the information services provider’s stock after purchasing an additional 3,750 shares during the period. NewEdge Advisors LLC’s holdings in JD.com were worth $384,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. FMR LLC lifted its position in shares of JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock valued at $986,280,000 after buying an additional 13,170,649 shares in the last quarter. Appaloosa LP lifted its position in shares of 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 buying an additional 3,165,885 shares in the last quarter. Norges Bank purchased a new position in shares of JD.com during the 4th quarter valued at approximately $70,130,000. Robeco Institutional Asset Management B.V. lifted its position in shares of JD.com by 76.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider’s stock valued at $114,886,000 after buying an additional 1,440,418 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of JD.com during the 4th quarter valued at approximately $47,948,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

NASDAQ:JD opened at $32.88 on Wednesday. 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 firm has a market capitalization of $51.86 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.31 and a beta of 0.53. The company’s 50-day moving average is $39.04 and its two-hundred day moving average is $38.36. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82.

JD.com Increases Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were issued a $0.76 dividend. This represents a yield of 1.7%. This is a positive change from JD.com’s previous annual dividend of $0.74. The ex-dividend date was Tuesday, April 8th. JD.com’s payout ratio is presently 26.13%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on JD shares. UBS Group set a $51.00 target price on JD.com in a research report on Friday, March 7th. Macquarie reiterated a “neutral” rating and set a $35.00 target price on shares of JD.com in a research report on Wednesday, April 23rd. Barclays raised their price objective on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Susquehanna restated a “neutral” rating and issued a $45.00 price objective (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Finally, Benchmark raised 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. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.27.

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.