Verdence Capital Advisors LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,394 shares of the information services provider’s stock, valued at approximately $303,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Genesis Investment Management LLP boosted its position in JD.com by 8.9% during the fourth quarter. Genesis Investment Management LLP now owns 1,648,195 shares of the information services provider’s stock worth $92,513,000 after purchasing an additional 135,358 shares during the period. Stratos Wealth Advisors LLC acquired a new stake in shares of JD.com during the fourth quarter worth $1,913,000. Ritholtz Wealth Management lifted its holdings in shares of JD.com by 25.8% during the fourth quarter. Ritholtz Wealth Management now owns 9,078 shares of the information services provider’s stock worth $510,000 after buying an additional 1,862 shares in the last quarter. Cherrydale Wealth Management LLC acquired a new stake in shares of JD.com during the fourth quarter worth $200,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of JD.com by 12.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,776 shares of the information services provider’s stock worth $324,000 after buying an additional 631 shares in the last quarter. 17.71% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on JD shares. Mizuho dropped their target price on JD.com from $85.00 to $80.00 in a report on Friday, March 10th. Susquehanna dropped their target price on JD.com from $62.00 to $45.00 in a report on Monday, March 13th. StockNews.com started coverage on JD.com in a report on Thursday, March 16th. They set a “hold” rating for the company. Loop Capital downgraded JD.com from a “buy” rating to a “hold” rating and dropped their target price for the stock from $82.00 to $49.00 in a report on Thursday. Finally, Benchmark dropped their price target on JD.com from $100.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, March 10th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.00.
JD.com Stock Performance
JD.com Announces Dividend
The company also recently declared a Variable dividend, which will be paid on Thursday, May 4th. Stockholders of record on Thursday, April 6th will be issued a dividend of $0.62 per share. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, April 5th.
JD.com Profile
JD.com, Inc is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services.
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