Picton Mahoney Asset Management Acquires New Stake in JD.com, Inc. (NASDAQ:JD)

Picton Mahoney Asset Management acquired a new stake in JD.com, Inc. (NASDAQ:JD) in the fourth quarter, Holdings Channel reports. The firm acquired 42,400 shares of the information services provider’s stock, valued at approximately $1,470,000.

A number of other institutional investors and hedge funds have also bought and sold shares of JD. Richardson Financial Services Inc. acquired a new stake in JD.com in the fourth quarter valued at $27,000. Brooklyn Investment Group bought a new stake in JD.com during the fourth quarter valued at $34,000. Nisa Investment Advisors LLC boosted its position in 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 valued at $35,000 after acquiring an additional 417 shares during the last quarter. Modus Advisors LLC bought a new stake in JD.com during the fourth quarter valued at $41,000. Finally, Farther Finance Advisors LLC boosted its position in JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 684 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

JD stock opened at $43.16 on Friday. The company has a market capitalization of $68.07 billion, a P/E ratio of 13.66, a price-to-earnings-growth 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. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The business has a 50-day simple moving average of $39.65 and a two-hundred day simple moving average of $37.30.

JD.com Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Shareholders 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 represents a dividend yield of 1.7%. This is a boost from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio (DPR) is currently 26.13%.

Wall Street Analysts Forecast Growth

A number of 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. Mizuho upped their price target on shares of JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Benchmark increased their price objective on shares of JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.