Contrarius Group Holdings Ltd Buys Shares of 1,033,788 JD.com, Inc. (NASDAQ:JD)

Contrarius Group Holdings Ltd acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,033,788 shares of the information services provider's stock, valued at approximately $35,841,000. JD.com comprises about 2.2% of Contrarius Group Holdings Ltd's investment portfolio, making the stock its 14th largest position. Contrarius Group Holdings Ltd owned 0.07% of JD.com as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. purchased a new stake in JD.com during the fourth quarter valued at $27,000. Brooklyn Investment Group bought a new stake in shares of JD.com in the 4th quarter worth about $34,000. Nisa Investment Advisors LLC raised its position in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after buying an additional 417 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of JD.com during the 4th quarter valued at about $41,000. Finally, Farther Finance Advisors LLC grew its position in JD.com by 111.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after acquiring an additional 684 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

Analyst Ratings Changes

JD has been the topic of a number of recent research reports. UBS Group set a $51.00 price objective on JD.com in a research report on Friday, March 7th. Barclays increased their price target on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, February 28th. JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Benchmark boosted their price objective on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, Mizuho raised their target price 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. Two 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $45.64.

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JD.com Trading Up 0.8 %

NASDAQ:JD traded up $0.33 during midday trading on Monday, hitting $42.57. The stock had a trading volume of 8,122,847 shares, compared to its average volume of 13,571,579. The stock has a 50-day moving average of $40.78 and a 200 day moving average of $38.10. The company has a market capitalization of $67.14 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.76 per share. This is an increase from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 1.7%. JD.com's dividend payout ratio is presently 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.