GQG Partners LLC Purchases New Shares in JD.com, Inc. (NASDAQ:JD)

GQG Partners LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 144,719 shares of the information services provider’s stock, valued at approximately $5,017,000.

Other hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. purchased a new stake in shares of JD.com in the fourth quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in JD.com in the fourth quarter worth $34,000. Nisa Investment Advisors LLC lifted its position in shares of JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of JD.com during the fourth quarter valued at $41,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of JD.com by 111.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after purchasing an additional 684 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Up 0.8 %

Shares of JD.com stock opened at $42.57 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a market cap of $67.14 billion, a P/E ratio of 13.47, a PEG ratio of 0.31 and a beta of 0.43. The firm’s 50 day moving average price is $40.78 and its 200-day moving average price is $38.10. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82.

JD.com Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on JD. 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. UBS Group set a $51.00 price target on JD.com in a report on Friday, March 7th. Mizuho raised their price objective on JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com 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 stock. Based on data from MarketBeat.com, the company 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.