King Wealth Management Group Trims Holdings in JD.com, Inc. (NASDAQ:JD)

King Wealth Management Group cut its position in shares of JD.com, Inc. (NASDAQ:JD) by 22.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,203 shares of the information services provider’s stock after selling 3,000 shares during the quarter. King Wealth Management Group’s holdings in JD.com were worth $354,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in JD.com in the fourth quarter valued at $27,000. Brooklyn Investment Group acquired a new position in shares of JD.com during the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC boosted its position in shares of JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after acquiring an additional 417 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of JD.com in the fourth quarter worth approximately $41,000. Finally, Farther Finance Advisors LLC increased its position in JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after purchasing an additional 684 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Benchmark lifted their price target on shares of JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a report on Friday, March 7th. Mizuho boosted their price target on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Barclays raised their price objective on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. Finally, UBS Group set a $51.00 price target on shares of JD.com in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.64.

JD.com Price Performance

Shares of JD stock opened at $41.24 on Friday. The firm has a fifty day simple moving average of $39.49 and a 200-day simple moving average of $37.10. The company has a market capitalization of $65.04 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a $0.76 dividend. This is a boost 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 presently 26.13%.

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.