Sequoia Financial Advisors LLC Has $353,000 Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Sequoia Financial Advisors LLC grew its position in shares of JD.com, Inc. (NASDAQ:JD) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,192 shares of the information services provider’s stock after acquiring an additional 436 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JD.com were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JD. Richardson Financial Services Inc. acquired a new position in JD.com during the fourth quarter worth $27,000. Brooklyn Investment Group acquired a new position in shares of JD.com during the 4th quarter worth about $34,000. Nisa Investment Advisors LLC grew its holdings in shares of JD.com by 71.5% in the 4th 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 in the last quarter. Modus Advisors LLC acquired a new stake in shares of JD.com in the fourth quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in JD.com during the third quarter worth about $49,000. 15.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on JD shares. UBS Group set a $51.00 price target on JD.com in a research report on Friday, March 7th. Benchmark increased their price target on shares of JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Mizuho lifted their price objective 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. Barclays upped their target price on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. Two equities research 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.64.

JD.com Stock Performance

JD opened at $44.92 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company has a market capitalization of $70.84 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The business has a fifty day simple moving average of $40.05 and a 200 day simple moving average of $37.63. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a $0.76 dividend. The ex-dividend date 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 26.13%.

About JD.com

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.