Raymond James Financial Services Advisors Inc. Purchases 3,420 Shares of JD.com, Inc. (NASDAQ:JD)

Raymond James Financial Services Advisors Inc. raised its position in shares of JD.com, Inc. (NASDAQ:JD) by 22.9% in the fourth quarter, HoldingsChannel reports. The firm owned 18,339 shares of the information services provider’s stock after buying an additional 3,420 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in JD.com were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of JD.com during the 1st quarter valued at about $81,000. Cetera Investment Advisers lifted its position in shares of JD.com by 16.9% during the 1st quarter. Cetera Investment Advisers now owns 7,776 shares of the information services provider’s stock valued at $450,000 after buying an additional 1,125 shares in the last quarter. West Family Investments Inc. purchased a new position in shares of JD.com during the 1st quarter valued at about $340,000. Ergoteles LLC purchased a new position in shares of JD.com during the 1st quarter valued at about $307,000. Finally, Federated Hermes Inc. lifted its position in shares of JD.com by 155.4% during the 1st quarter. Federated Hermes Inc. now owns 1,513,562 shares of the information services provider’s stock valued at $87,590,000 after buying an additional 920,886 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Performance

NASDAQ JD opened at $25.46 on Friday. The business’s 50 day moving average price is $25.33 and its 200-day moving average price is $25.90. The company has a market cap of $40.15 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.20 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $41.95.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, beating the consensus estimate of $0.56 by $4.74. The company had revenue of $306.08 billion for the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. JD.com’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. Sell-side analysts predict that JD.com, Inc. will post 2.85 earnings per share for the current year.

JD.com Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, April 5th will be issued a $0.74 dividend. This represents a dividend yield of 2.99%. The ex-dividend date is Thursday, April 4th. JD.com’s dividend payout ratio is 34.74%.

Analyst Upgrades and Downgrades

JD has been the topic of a number of research analyst reports. HSBC boosted their price target on JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Mizuho boosted their price target on JD.com from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Barclays decreased their price objective on JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upped their price objective on JD.com from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.67.

JD.com Company Profile

JD.com, Inc provides supply chain-based technologies and services 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.