Industrial Alliance Investment Management Inc. Buys 1,056 Shares of JD.com, Inc. (NASDAQ:JD)

Industrial Alliance Investment Management Inc. raised its stake in shares of JD.com, Inc. (NASDAQ:JD – Get Rating) by 3.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 31,456 shares of the information services provider’s stock after purchasing an additional 1,056 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in JD.com were worth $1,582,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Guardian Wealth Advisors LLC bought a new stake in shares of JD.com in the 3rd quarter worth approximately $26,000. Heritage Wealth Management LLC bought a new stake in JD.com during the 2nd quarter valued at $38,000. 1832 Asset Management L.P. bought a new stake in JD.com during the 1st quarter valued at $64,000. Clear Street Markets LLC bought a new stake in JD.com during the 3rd quarter valued at $63,000. Finally, Sargent Bickham Lagudis LLC raised its holdings in JD.com by 2,504.0% during the 3rd quarter. Sargent Bickham Lagudis LLC now owns 1,302 shares of the information services provider’s stock valued at $65,000 after buying an additional 1,252 shares during the last quarter. 17.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JD has been the topic of a number of research analyst reports. Morgan Stanley reduced their price objective on shares of JD.com from $74.00 to $66.00 in a research report on Friday, March 10th. Susquehanna reduced their price objective on shares of JD.com from $62.00 to $45.00 in a research report on Monday. Barclays boosted their price objective on shares of JD.com from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday. Benchmark reduced their price objective on shares of JD.com from $100.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, March 10th. Finally, HSBC reduced their price objective on shares of JD.com from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, March 10th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, JD.com has an average rating of “Moderate Buy” and an average price target of $73.00.

JD.com Stock Performance

Shares of JD.com stock opened at $39.79 on Friday. The stock has a market cap of $53.88 billion, a price-to-earnings ratio of 44.71 and a beta of 0.48. The firm’s 50-day moving average is $53.65 and its 200 day moving average is $53.07. JD.com, Inc. has a 1 year low of $33.17 and a 1 year high of $69.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.32 and a quick ratio of 1.02.

JD.com Dividend Announcement

The company also recently declared a Variable dividend, which will be paid on Thursday, May 4th. Investors of record on Thursday, April 6th will be paid a $0.62 dividend. This represents a yield of 1.5%. The ex-dividend date is Wednesday, April 5th.

JD.com Company Profile

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JD.com, Inc is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services.