Eos Management L.P. Purchases 23,790 Shares of JD.com, Inc. (NASDAQ:JD)

Eos Management L.P. increased its holdings in JD.com, Inc. (NASDAQ:JD) by 424.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,391 shares of the information services provider’s stock after acquiring an additional 23,790 shares during the period. Eos Management L.P.’s holdings in JD.com were worth $1,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JD. Daiwa Securities Group Inc. bought a new stake in JD.com in the fourth quarter worth about $402,000. Mount Lucas Management LP raised its holdings in shares of JD.com by 100.0% in the 4th quarter. Mount Lucas Management LP now owns 400,000 shares of the information services provider’s stock worth $13,868,000 after purchasing an additional 200,000 shares during the period. Amundi lifted its stake in JD.com by 56.3% in the fourth quarter. Amundi now owns 834,307 shares of the information services provider’s stock valued at $28,967,000 after purchasing an additional 300,517 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in JD.com by 5.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 55,176 shares of the information services provider’s stock valued at $1,913,000 after purchasing an additional 2,751 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in JD.com in the fourth quarter worth $4,108,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of NASDAQ JD opened at $40.64 on Tuesday. The firm has a market capitalization of $64.09 billion, a P/E ratio of 12.86, 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. The stock’s 50-day simple moving average is $39.12 and its two-hundred day simple moving average is $36.95. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82.

JD.com Increases Dividend

The business 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 is a positive change from JD.com’s previous annual dividend of $0.74. This represents a yield of 1.7%. JD.com’s payout ratio is presently 19.73%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Mizuho increased their target price on shares of JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. lifted their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, Benchmark lifted their price objective on shares of JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $44.43.

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.