JD.com, Inc. (NASDAQ:JD) Position Increased by Mount Lucas Management LP

Mount Lucas Management LP grew its position in JD.com, Inc. (NASDAQ:JD) by 100.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 400,000 shares of the information services provider’s stock after buying an additional 200,000 shares during the quarter. JD.com accounts for approximately 4.8% of Mount Lucas Management LP’s holdings, making the stock its 5th biggest holding. Mount Lucas Management LP’s holdings in JD.com were worth $13,868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. acquired a new stake in shares of JD.com during the fourth quarter valued at $27,000. Brooklyn Investment Group purchased a new position in JD.com in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC boosted its stake in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of JD.com during the fourth quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

JD has been the topic of a number of analyst reports. Benchmark raised their target price on shares of JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday. Mizuho raised their price objective on JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Finally, Barclays upped their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.92.

JD.com Price Performance

JD opened at $42.29 on Monday. JD.com, Inc. has a 52-week low of $23.78 and a 52-week high of $47.82. The company has a 50 day moving average of $38.99 and a two-hundred day moving average of $36.85. The company has a market cap of $66.70 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.31 and a beta of 0.43. 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 business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.76 dividend. This is an increase from JD.com’s previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com’s dividend payout ratio is currently 19.73%.

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.