Banco BTG Pactual S.A. Has $2.84 Million Holdings in JD.com, Inc. (NASDAQ:JD)

Banco BTG Pactual S.A. grew its holdings in JD.com, Inc. (NASDAQ:JD) by 62.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 83,000 shares of the information services provider’s stock after buying an additional 32,000 shares during the period. Banco BTG Pactual S.A.’s holdings in JD.com were worth $2,841,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JD. FMR LLC grew its stake in JD.com by 41.0% in the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after purchasing an additional 4,445,277 shares in the last quarter. Appaloosa LP grew its stake in shares of JD.com by 43.4% in 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. Two Sigma Advisers LP increased its holdings in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after buying an additional 4,839,700 shares during the last quarter. Fisher Asset Management LLC raised its position in JD.com by 9.0% during the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock valued at $162,904,000 after acquiring an additional 336,740 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in JD.com by 117.1% in the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after acquiring an additional 2,175,568 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on JD. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. UBS Group set a $51.00 target price on shares of JD.com in a research 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. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their price objective on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.64.

JD.com Stock Down 2.6 %

Shares of NASDAQ JD opened at $41.47 on Wednesday. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a market cap of $65.40 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.31 and a beta of 0.43. The firm has a 50 day moving average price of $40.92 and a 200 day moving average price of $38.21.

JD.com Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a $0.76 dividend. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 1.7%. This is a boost from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio is currently 26.13%.

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.