First Pacific Financial Boosts Stock Holdings in JD.com, Inc. (NASDAQ:JD)

First Pacific Financial grew its position in shares of JD.com, Inc. (NASDAQ:JD) by 15.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,075 shares of the information services provider’s stock after purchasing an additional 1,728 shares during the period. First Pacific Financial’s holdings in JD.com were worth $378,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in JD.com by 122.4% in the second quarter. Bessemer Group Inc. now owns 945 shares of the information services provider’s stock worth $33,000 after purchasing an additional 520 shares during the last quarter. First Manhattan Co. boosted its holdings in JD.com by 32.5% in the fourth quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock worth $56,000 after purchasing an additional 244 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in JD.com in the first quarter worth approximately $64,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in JD.com in the first quarter worth approximately $81,000. Finally, Acadian Asset Management LLC purchased a new stake in JD.com in the first quarter worth approximately $65,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

JD stock opened at $27.23 on Thursday. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $45.16. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $24.08 and a 200 day moving average price of $26.31. The stock has a market cap of $42.94 billion, a PE ratio of 12.78, a P/E/G ratio of 0.21 and a beta of 0.52.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $4.74. The company had revenue of $306.08 billion during the quarter, compared to analysts’ expectations of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. Equities research analysts anticipate that JD.com, Inc. will post 2.85 earnings per share for the current year.

JD.com Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, April 5th will be given a $0.74 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 2.99%. JD.com’s dividend payout ratio (DPR) is 28.17%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JD. HSBC lifted their price target on shares of JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a research note on Saturday, March 23rd. Barclays decreased their price objective on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Citigroup decreased their price objective on shares of JD.com from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Finally, Mizuho lifted their price target on shares of JD.com from $32.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.64.

About JD.com

JD.com, Inc provides supply chain-based technologies and services 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.