CenterBook Partners LP Purchases 48,309 Shares of JD.com, Inc. (NASDAQ:JD)

CenterBook Partners LP grew its stake in JD.com, Inc. (NASDAQ:JD) by 200.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,391 shares of the information services provider’s stock after buying an additional 48,309 shares during the period. CenterBook Partners LP’s holdings in JD.com were worth $2,510,000 as of its most recent SEC filing.

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

JD.com Stock Up 6.2 %

Shares of NASDAQ:JD opened at $35.08 on Thursday. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82. The company has a market capitalization of $55.33 billion, a PE ratio of 11.10, a PEG ratio of 0.31 and a beta of 0.53. 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 company has a 50 day moving average price of $40.66 and a two-hundred day moving average price of $39.06.

JD.com Increases Dividend

The firm also recently announced 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 represents a 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 payout ratio is presently 26.13%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group set a $51.00 price target on JD.com in a report on Friday, March 7th. Mizuho boosted their target price on shares of JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Susquehanna restated a “neutral” rating and set a $45.00 target price (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average price target of $46.62.

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.