Premier Fund Managers Ltd Invests $6.15 Million in JD.com, Inc. (NASDAQ:JD)

Premier Fund Managers Ltd acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 179,600 shares of the information services provider’s stock, valued at approximately $6,148,000.

Other hedge funds also recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in shares of JD.com during the fourth quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in JD.com during the 4th quarter valued at $34,000. Nisa Investment Advisors LLC lifted 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 buying an additional 417 shares during the period. Modus Advisors LLC purchased a new stake in shares of JD.com in the 4th quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of JD.com during the 3rd quarter worth $49,000. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Up 2.7 %

Shares of JD stock opened at $42.89 on Friday. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The firm has a market capitalization of $67.64 billion, a PE ratio of 13.57, a P/E/G ratio of 0.31 and a beta of 0.43. 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 stock’s 50-day simple moving average is $41.20 and its 200-day simple moving average is $38.26.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.76 dividend. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is an increase from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio is 26.13%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on JD shares. UBS Group set a $51.00 price objective on shares of JD.com in a research note on Friday, March 7th. Benchmark lifted their price objective on shares of JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a report on Friday, March 7th. Barclays upped their target price on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Mizuho lifted their price target on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, JD.com currently has an average rating of “Moderate Buy” and an average target price of $45.64.

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.