JD.com, Inc. (NASDAQ:JD) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in JD.com, Inc. (NASDAQ:JD) by 15.2% in the fourth quarter, Holdings Channel reports. The fund owned 93,844 shares of the information services provider’s stock after buying an additional 12,350 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in JD.com were worth $3,253,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Richardson Financial Services Inc. acquired a new stake in shares of JD.com during the 4th quarter worth approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of JD.com during the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC increased its holdings in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after buying an additional 417 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after buying an additional 684 shares during the last quarter. Finally, GeoWealth Management LLC increased its holdings in shares of JD.com by 129.1% during the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider’s stock worth $48,000 after buying an additional 785 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Macquarie restated a “neutral” rating and set a $35.00 price target on shares of JD.com in a report on Wednesday, April 23rd. Bank of America cut their price target on shares of JD.com from $51.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Citigroup restated a “buy” rating and set a $51.00 price target (down previously from $56.00) on shares of JD.com in a report on Monday, April 28th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, Barclays lifted their target price on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned 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 $47.42.

JD.com Stock Up 0.4%

JD.com stock opened at $33.69 on Tuesday. The firm has a 50 day moving average price of $37.02 and a 200 day moving average price of $37.74. The company has a market capitalization of $53.13 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were paid a $0.76 dividend. This is an increase from JD.com’s previous annual dividend of $0.74. The ex-dividend date was Tuesday, April 8th. This represents a dividend yield of 1.7%. JD.com’s payout ratio is 23.84%.

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.