AI Squared Management Ltd Has $9.07 Million Holdings in JD.com, Inc. (NASDAQ:JD)

AI Squared Management Ltd increased its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 74.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 261,513 shares of the information services provider's stock after buying an additional 111,513 shares during the quarter. JD.com makes up 9.3% of AI Squared Management Ltd's holdings, making the stock its 5th biggest position. AI Squared Management Ltd's holdings in JD.com were worth $9,067,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Citigroup Inc. raised its stake in JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock valued at $16,012,000 after buying an additional 36,096 shares during the period. Maple Rock Capital Partners Inc. raised its stake in JD.com by 5.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock valued at $143,086,000 after acquiring an additional 200,200 shares during the period. KBC Group NV lifted its holdings in 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 purchasing an additional 242,409 shares during the last quarter. Appaloosa LP boosted its position in JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after purchasing an additional 3,165,885 shares during the period. Finally, National Bank of Canada FI boosted its position in JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock worth $88,580,000 after purchasing an additional 2,211,095 shares during the period. 15.98% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on JD. 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 research note on Friday, March 7th. Benchmark increased their price target on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, UBS Group set a $51.00 price target on JD.com in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, JD.com presently has an average rating of "Moderate Buy" and an average target price of $45.64.

JD.com Price Performance

JD stock traded down $1.31 during mid-day trading on Friday, hitting $41.58. The stock had a trading volume of 6,733,117 shares, compared to its average volume of 13,661,649. The firm has a fifty day simple moving average of $41.25 and a 200 day simple moving average of $38.46. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $65.58 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Shareholders 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. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com's 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.