Amundi Has $28.97 Million Stake in JD.com, Inc. (NASDAQ:JD)

Amundi lifted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 56.3% during the fourth quarter, HoldingsChannel reports. The firm owned 834,307 shares of the information services provider’s stock after acquiring an additional 300,517 shares during the quarter. Amundi’s holdings in JD.com were worth $28,967,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JD. Two Sigma Advisers LP raised its position in shares of JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after purchasing an additional 4,839,700 shares during the period. FMR LLC raised its position in shares of JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares during the period. National Bank of Canada FI raised its position in shares of JD.com by 65,089.6% during 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 purchasing an additional 2,211,095 shares during the period. Point72 Asset Management L.P. raised its position in shares of JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after purchasing an additional 2,175,568 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in JD.com in the 3rd quarter valued at approximately $73,311,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of NASDAQ JD opened at $40.37 on Thursday. 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, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The stock has a 50 day moving average of $39.35 and a 200-day moving average of $37.07. The company has a market capitalization of $63.67 billion, a P/E ratio of 12.78, a P/E/G ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. This is an increase from JD.com’s previous annual dividend of $0.74. This represents a dividend yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com’s payout ratio is currently 19.73%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. Susquehanna reissued a “neutral” rating and issued a $45.00 target price (up previously from $35.00) on shares of JD.com in a research report on Wednesday. Dbs Bank raised JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Citigroup dropped their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. lifted their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.64.

JD.com 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.