Corient Private Wealth LLC Raises Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Corient Private Wealth LLC raised its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,377 shares of the information services provider’s stock after purchasing an additional 1,211 shares during the period. Corient Private Wealth LLC’s holdings in JD.com were worth $360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JD. Two Sigma Advisers LP lifted its position in JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after acquiring an additional 4,839,700 shares during the period. Appaloosa LP increased its stake in 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 purchasing an additional 3,165,885 shares in the last quarter. National Bank of Canada FI increased its stake in JD.com by 65,089.6% during the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after purchasing an additional 2,211,095 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in JD.com by 117.1% in the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after buying an additional 2,175,568 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of JD.com in the third quarter worth approximately $73,311,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Down 3.1 %

Shares of JD opened at $41.58 on Monday. The firm has a market capitalization of $65.58 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The firm has a fifty day moving average price of $41.25 and a 200-day moving average price of $38.54. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Susquehanna reaffirmed a “neutral” rating and set a $45.00 price objective (up from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Benchmark increased their target price on shares of JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Finally, Barclays lifted their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Two investment 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.64.

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.