Knuff & Co LLC Buys Shares of 5,126 JD.com, Inc. (NASDAQ:JD)

Knuff & Co LLC purchased a new position in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,126 shares of the information services provider’s stock, valued at approximately $178,000.

A number of other hedge funds have also modified their holdings of JD. Rhumbline Advisers increased its holdings in shares of JD.com by 1.7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock worth $561,000 after buying an additional 265 shares in the last quarter. Quintet Private Bank Europe S.A. boosted its position in shares of JD.com by 4.5% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock worth $271,000 after purchasing an additional 334 shares in the last quarter. Nisa Investment Advisors LLC boosted 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 in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of JD.com by 4.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock worth $353,000 after acquiring an additional 436 shares during the period. Finally, Huntington National Bank raised its holdings in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after acquiring an additional 452 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Up 0.3 %

Shares of JD stock opened at $40.75 on Wednesday. The firm has a market capitalization of $64.27 billion, a PE ratio of 12.90, a P/E/G ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The stock’s 50-day simple moving average is $39.24 and its 200-day simple moving average is $37.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

JD.com Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be given a $0.76 dividend. This represents a dividend yield of 1.7%. 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. JD.com’s dividend payout ratio (DPR) is 19.73%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Benchmark lifted their target price on shares of JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Citigroup dropped their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, Barclays raised their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.43.

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.