Greenleaf Trust grew its holdings in shares of JD.com, Inc. (NASDAQ:JD – Get Rating) by 70.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,940 shares of the information services provider’s stock after acquiring an additional 6,196 shares during the quarter. Greenleaf Trust’s holdings in JD.com were worth $839,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Fifth Third Bancorp lifted its stake in shares of JD.com by 798.9% in the 4th quarter. Fifth Third Bancorp now owns 8,989 shares of the information services provider’s stock worth $505,000 after acquiring an additional 7,989 shares during the period. Artemis Investment Management LLP acquired a new stake in JD.com in the fourth quarter worth approximately $9,876,000. AFS Financial Group LLC bought a new position in JD.com during the 4th quarter valued at $1,698,000. Harbor Investment Advisory LLC increased its position in shares of JD.com by 43.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 667 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 203 shares during the period. Finally, CAPROCK Group Inc. increased its position in shares of JD.com by 10.4% during the 4th quarter. CAPROCK Group Inc. now owns 8,689 shares of the information services provider’s stock valued at $488,000 after purchasing an additional 818 shares during the period. Institutional investors own 17.71% of the company’s stock.
JD.com Stock Down 1.7 %
JD opened at $40.50 on Thursday. The firm has a market cap of $54.85 billion, a P/E ratio of 45.51 and a beta of 0.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.32. The business has a 50 day moving average price of $47.74 and a 200 day moving average price of $51.13. JD.com, Inc. has a twelve month low of $33.17 and a twelve month high of $68.29.
JD.com Announces Dividend
The firm also recently declared a Variable dividend, which will be paid on Thursday, May 4th. Stockholders of record on Thursday, April 6th will be given a $0.62 dividend. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, April 5th.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of JD.com from $74.00 to $66.00 in a research note on Friday, March 10th. StockNews.com initiated coverage on JD.com in a research report on Thursday, March 16th. They set a “hold” rating for the company. Benchmark reduced their target price on JD.com from $100.00 to $76.00 and set a “buy” rating for the company in a report on Friday, March 10th. Loop Capital cut shares of JD.com from a “buy” rating to a “hold” rating and decreased their target price for the stock from $82.00 to $49.00 in a report on Thursday, March 30th. Finally, BOCOM International lowered shares of JD.com from a “buy” rating to a “neutral” rating in a report on Friday, March 10th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average price target of $71.00.
JD.com Profile
JD.com, Inc is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services.