Raymond James Financial Inc. Buys Shares of 68,166 JD.com, Inc. (NASDAQ:JD)

Raymond James Financial Inc. bought a new position in JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 68,166 shares of the information services provider’s stock, valued at approximately $2,363,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Aigen Investment Management LP raised its position in shares of JD.com by 315.5% during the 4th quarter. Aigen Investment Management LP now owns 33,129 shares of the information services provider’s stock valued at $1,149,000 after buying an additional 25,155 shares during the period. Charles Schwab Investment Management Inc. raised its position in JD.com by 46.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,432,970 shares of the information services provider’s stock valued at $84,351,000 after purchasing an additional 771,613 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of JD.com by 91.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,156 shares of the information services provider’s stock valued at $75,000 after purchasing an additional 1,031 shares during the last quarter. Schechter Investment Advisors LLC acquired a new position in shares of JD.com in the 4th quarter valued at $205,000. Finally, Quintet Private Bank Europe S.A. grew its holdings in shares of JD.com by 4.5% during the 4th 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 during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on JD shares. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Benchmark upped their price objective 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. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a report on Friday, March 7th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $45.00 price objective (up from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, JD.com has a consensus rating of “Moderate Buy” and a consensus target price of $45.64.

JD.com Stock Performance

Shares of JD opened at $41.58 on Friday. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The stock has a market capitalization of $65.58 billion, a PE ratio of 13.16, a PEG ratio of 0.31 and a beta of 0.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a 50-day simple moving average of $41.25 and a 200-day simple moving average of $38.46.

JD.com Increases Dividend

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

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.