Rhumbline Advisers Boosts Holdings in JD.com, Inc. (NASDAQ:JD)

Rhumbline Advisers raised its stake in shares of JD.com, Inc. (NASDAQ:JD) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,186 shares of the information services provider’s stock after purchasing an additional 265 shares during the period. Rhumbline Advisers’ holdings in JD.com were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JD. Wealth Enhancement Advisory Services LLC raised its position in shares of JD.com by 18.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,688 shares of the information services provider’s stock valued at $468,000 after buying an additional 1,830 shares during the last quarter. QRG Capital Management Inc. increased its position in JD.com by 3.1% during the third quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock worth $1,172,000 after purchasing an additional 889 shares during the last quarter. AIA Group Ltd acquired a new stake in JD.com during the third quarter worth about $346,000. XY Capital Ltd acquired a new stake in JD.com during the third quarter worth about $6,540,000. Finally, Assetmark Inc. acquired a new stake in JD.com during the third quarter worth about $400,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of JD opened at $42.29 on Friday. 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 stock has a market capitalization of $66.70 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.31 and a beta of 0.43. The company’s fifty day moving average is $38.99 and its two-hundred day moving average is $36.78. JD.com, Inc. has a 1 year low of $23.78 and a 1 year high of $47.82.

JD.com Increases Dividend

The company 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. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com’s payout ratio is currently 23.42%.

Wall Street Analysts Forecast Growth

JD has been the subject of several recent analyst reports. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Citigroup lowered their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Barclays raised their price objective 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. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, Mizuho lifted their price target on shares of JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.92.

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.