Teachers Retirement System of The State of Kentucky Grows Holdings in JD.com, Inc. (NASDAQ:JD)

Teachers Retirement System of The State of Kentucky increased its holdings in JD.com, Inc. (NASDAQ:JD) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 395,500 shares of the information services provider’s stock after acquiring an additional 26,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in JD.com were worth $13,712,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. KBC Group NV lifted its position in shares of JD.com by 213.4% during the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock valued at $12,343,000 after buying an additional 242,409 shares during the last quarter. Appaloosa LP lifted its stake in shares of JD.com by 43.4% during the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock valued at $362,852,000 after buying an additional 3,165,885 shares in the last quarter. Van ECK Associates Corp grew its stake in JD.com by 20.4% in the 4th quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider’s stock valued at $13,646,000 after buying an additional 66,693 shares in the last quarter. Alberta Investment Management Corp boosted its holdings in shares of JD.com by 25.4% in the fourth quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider’s stock worth $17,492,000 after acquiring an additional 102,326 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in JD.com by 76.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider’s stock worth $114,886,000 after purchasing an additional 1,440,418 shares during the period. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

JD.com stock opened at $34.06 on Tuesday. The firm has a 50-day moving average of $39.92 and a 200-day moving average of $38.79. The firm has a market cap of $53.72 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.31 and a beta of 0.53. 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, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82.

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. The ex-dividend date is Tuesday, April 8th. This represents a yield of 1.7%. This is a boost from JD.com’s previous annual dividend of $0.74. JD.com’s payout ratio is 26.13%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JD. Mizuho increased their price target on shares of JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Bank of America decreased their target price on JD.com from $51.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Susquehanna reissued a “neutral” rating and set a $45.00 price objective (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Finally, StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $48.67.

JD.com 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.