CreativeOne Wealth LLC Takes $899,000 Position in JD.com, Inc. (NASDAQ:JD)

CreativeOne Wealth LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 25,921 shares of the information services provider’s stock, valued at approximately $899,000.

Other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in JD.com by 280.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,652 shares of the information services provider’s stock worth $1,026,000 after purchasing an additional 18,916 shares during the last quarter. Wellington Management Group LLP purchased a new position in JD.com during the 3rd quarter worth $346,000. MML Investors Services LLC increased its position in JD.com by 25.1% during the 3rd quarter. MML Investors Services LLC now owns 18,539 shares of the information services provider’s stock valued at $742,000 after buying an additional 3,717 shares in the last quarter. Virtu Financial LLC raised its stake in JD.com by 86.5% in the third quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider’s stock valued at $2,766,000 after buying an additional 32,079 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new stake in JD.com in the third quarter worth about $3,170,000. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

Shares of NASDAQ JD opened at $34.70 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The firm’s 50 day simple moving average is $40.15 and its 200-day simple moving average is $39.01. 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 $54.73 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.31 and a beta of 0.53.

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 issued a $0.76 dividend. 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. This represents a yield of 1.7%. JD.com’s payout ratio is presently 26.13%.

Analyst Upgrades and Downgrades

JD has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a report on Friday, March 7th. UBS Group set a $51.00 price objective on shares of JD.com in a research note on Friday, March 7th. Dbs Bank raised JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Finally, Mizuho boosted their price target on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

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.