Ardmore Road Asset Management LP Boosts Position in JD.com, Inc. (NASDAQ:JD)

Ardmore Road Asset Management LP lifted its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 88.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,320,000 shares of the information services provider's stock after purchasing an additional 620,000 shares during the period. JD.com comprises approximately 6.7% of Ardmore Road Asset Management LP's portfolio, making the stock its 3rd biggest holding. Ardmore Road Asset Management LP owned about 0.08% of JD.com worth $45,764,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Two Sigma Advisers LP raised its position in JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock valued at $252,268,000 after purchasing an additional 4,839,700 shares during the last quarter. Appaloosa LP lifted its stake in JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after acquiring an additional 3,165,885 shares during the period. National Bank of Canada FI lifted its stake in JD.com by 65,089.6% in 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 acquiring an additional 2,211,095 shares during the period. Point72 Asset Management L.P. boosted its holdings 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 in the last quarter. Finally, Norges Bank purchased a new position in JD.com during the 4th quarter valued at $70,130,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Down 8.2 %

NASDAQ JD traded down $3.02 during mid-day trading on Monday, reaching $33.79. The stock had a trading volume of 16,449,608 shares, compared to its average volume of 13,099,518. The stock has a market cap of $53.29 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company has a fifty day moving average price of $41.33 and a 200 day moving average price of $39.02.

JD.com Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. The ex-dividend date is Tuesday, April 8th. This represents a 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%.

Analyst Upgrades and Downgrades

JD has been the topic of a number of research reports. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Benchmark lifted their price objective on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, March 7th. UBS Group set a $51.00 target price on JD.com in a research report on Friday, March 7th. Dbs Bank upgraded JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Finally, Mizuho increased their price objective on JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating 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 company. Based on data from MarketBeat, JD.com has a consensus rating of "Moderate Buy" and a consensus price target of $46.62.

About JD.com

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.