7,743 Shares in JD.com, Inc. (NASDAQ:JD) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in JD.com, Inc. (NASDAQ:JD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 7,743 shares of the information services provider’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of JD. Richardson Financial Services Inc. purchased a new position in shares of JD.com in the fourth quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in JD.com during the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC raised its position in JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new stake in JD.com in the 4th quarter worth approximately $41,000. Finally, Farther Finance Advisors LLC grew its position in shares of JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after buying an additional 684 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Down 1.7 %

Shares of NASDAQ:JD opened at $42.24 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 stock has a fifty day simple moving average of $40.60 and a two-hundred day simple moving average of $37.98. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The stock has a market capitalization of $66.62 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors 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 is Tuesday, April 8th. This represents a yield of 1.7%. JD.com’s payout ratio is presently 26.13%.

Analyst Ratings Changes

A number of brokerages recently commented on JD. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. Susquehanna restated a “neutral” rating and issued a $45.00 price objective (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. upped 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. Two 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.64.

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.