JD.com, Inc. (NASDAQ:JD) Position Lifted by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. grew its stake in JD.com, Inc. (NASDAQ:JD) by 62.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,000 shares of the information services provider’s stock after purchasing an additional 32,000 shares during the quarter. Banco BTG Pactual S.A.’s holdings in JD.com were worth $2,841,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in shares of JD.com by 2.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 52,425 shares of the information services provider’s stock worth $2,097,000 after purchasing an additional 1,267 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in JD.com by 85.4% in the third quarter. Advisors Asset Management Inc. now owns 19,776 shares of the information services provider’s stock valued at $791,000 after buying an additional 9,112 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of JD.com by 155.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,661,357 shares of the information services provider’s stock worth $66,454,000 after acquiring an additional 1,010,736 shares during the last quarter. Citigroup Inc. increased its holdings in shares of JD.com by 9.9% in the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock worth $16,012,000 after acquiring an additional 36,096 shares during the period. Finally, Cerity Partners LLC lifted its position in JD.com by 9.4% in the 3rd quarter. Cerity Partners LLC now owns 18,466 shares of the information services provider’s stock valued at $739,000 after purchasing an additional 1,586 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Trading Down 2.6 %

NASDAQ:JD opened at $41.47 on Wednesday. The stock has a fifty day simple moving average of $40.92 and a 200 day simple moving average of $38.21. The firm has a market capitalization of $65.40 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued 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 positive change from JD.com’s previous annual dividend of $0.74. JD.com’s payout ratio is currently 26.13%.

Wall Street Analyst Weigh In

JD has been the topic of a number of recent analyst reports. Mizuho lifted their price target on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Barclays boosted their price target on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, UBS Group set a $51.00 price target on shares of JD.com in a research report on Friday, March 7th. Two 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, the company presently has an average rating of “Moderate Buy” and a consensus 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.