Grantham Mayo Van Otterloo & Co. LLC Purchases 480,546 Shares of JD.com, Inc. (NASDAQ:JD)

Grantham Mayo Van Otterloo & Co. LLC raised its position in JD.com, Inc. (NASDAQ:JD) by 131.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 847,176 shares of the information services provider’s stock after acquiring an additional 480,546 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in JD.com were worth $29,372,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Appaloosa LP raised its position in shares of JD.com by 43.4% in 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 during the last quarter. National Bank of Canada FI raised its holdings in shares of JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Norges Bank acquired a new stake in shares of JD.com during the fourth quarter worth $70,130,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of JD.com by 76.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider’s stock valued at $114,886,000 after buying an additional 1,440,418 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new position in shares of JD.com in the 4th quarter valued at $47,948,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Performance

Shares of JD stock opened at $36.81 on Friday. The company has a market capitalization of $58.05 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The business’s 50 day moving average is $41.33 and its two-hundred day moving average is $38.93. 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 business 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. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.7%. This is a boost from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio (DPR) is currently 26.13%.

Analysts Set New Price Targets

Several analysts have weighed in on JD shares. Benchmark boosted their price target on JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their price target on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Mizuho increased their price objective 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. Finally, UBS Group set a $51.00 target price on shares of JD.com in a research report on Friday, March 7th. Two investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.62.

JD.com Company 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.