Commonwealth Equity Services LLC Grows Holdings in JD.com, Inc. (NASDAQ:JD)

Commonwealth Equity Services LLC lifted its position in shares of JD.com, Inc. (NASDAQ:JD) by 38.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,736 shares of the information services provider’s stock after acquiring an additional 19,025 shares during the quarter. Commonwealth Equity Services LLC’s holdings in JD.com were worth $2,383,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of JD. Rhumbline Advisers raised its position in JD.com by 1.7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock worth $561,000 after acquiring an additional 265 shares during the period. Quintet Private Bank Europe S.A. raised its position in shares of JD.com by 4.5% during the 4th quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock worth $271,000 after purchasing an additional 334 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after buying an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in JD.com by 4.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock worth $353,000 after buying an additional 436 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in JD.com by 0.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider’s stock worth $3,487,000 after buying an additional 597 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JD has been the topic of several research reports. Barclays raised their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. UBS Group set a $51.00 price target on shares of JD.com in a research note on Friday, March 7th. Benchmark upped their price objective on shares of JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their target price 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. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.64.

JD.com Stock Up 0.7 %

Shares of NASDAQ:JD opened at $41.78 on Thursday. The firm has a 50 day simple moving average of $41.05 and a 200-day simple moving average of $38.23. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. 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 company has a market capitalization of $65.89 billion, a PE ratio of 13.22, a P/E/G ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

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

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.