Northern Trust Corp Has $38.27 Million Stake in JD.com, Inc. (NASDAQ:JD)

Northern Trust Corp boosted its position in JD.com, Inc. (NASDAQ:JD) by 24.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,103,762 shares of the information services provider’s stock after acquiring an additional 220,146 shares during the quarter. Northern Trust Corp owned 0.07% of JD.com worth $38,267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock worth $986,280,000 after purchasing an additional 13,170,649 shares during the last quarter. Appaloosa LP raised its position in shares of JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after purchasing an additional 3,165,885 shares during the period. 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. Voya Investment Management LLC bought a new position in JD.com in the 4th quarter valued at about $109,665,000. Finally, North of South Capital LLP increased its holdings in JD.com by 48.2% during the 4th quarter. North of South Capital LLP now owns 2,899,808 shares of the information services provider’s stock worth $100,536,000 after purchasing an additional 942,629 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JD shares. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Macquarie restated a “neutral” rating and set a $35.00 price target on shares of JD.com in a research note on Wednesday, April 23rd. Mizuho raised their target price on JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Susquehanna reaffirmed a “neutral” rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.27.

JD.com Stock Down 0.8 %

Shares of JD opened at $33.86 on Friday. The firm has a market cap of $53.40 billion, a P/E ratio of 10.72, a P/E/G ratio of 0.31 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The stock has a 50 day simple moving average of $37.84 and a two-hundred day simple moving average of $38.00.

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 given a dividend of $0.76 per share. This represents a yield of 1.7%. This is a positive change from JD.com’s previous annual dividend of $0.74. The ex-dividend date was Tuesday, April 8th. JD.com’s dividend payout ratio is presently 26.13%.

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.