JD.com, Inc. (NASDAQ:JD) Shares Purchased by Ardmore Road Asset Management LP

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

Several other large investors have also recently made changes to their positions in JD. Rhumbline Advisers grew its holdings in JD.com by 1.7% in the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock valued at $561,000 after purchasing an additional 265 shares during the period. Quintet Private Bank Europe S.A. lifted its stake in JD.com by 4.5% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock valued at $271,000 after buying an additional 334 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after acquiring an additional 417 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of JD.com by 4.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock worth $353,000 after purchasing an additional 436 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in JD.com by 0.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock valued at $3,487,000 after purchasing an additional 597 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

JD.com Trading Down 7.7 %

Shares of JD stock traded down $3.09 on Friday, hitting $36.81. The stock had a trading volume of 25,761,107 shares, compared to its average volume of 13,684,741. The company's 50 day moving average price is $41.33 and its 200-day moving average price is $38.85. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The firm has a market capitalization of $58.05 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

JD.com Increases Dividend

The firm 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 represents a dividend yield of 1.7%. The ex-dividend date is Tuesday, April 8th. 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 Ratings Changes

JD has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Mizuho upped their price target on JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Susquehanna reissued a "neutral" rating and set a $45.00 price objective (up previously from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, JD.com has an average rating of "Moderate Buy" and a consensus price target of $45.64.

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.