Carrhae Capital LLP bought a new position in JD.com, Inc. (NASDAQ:JD - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 827,951 shares of the information services provider's stock, valued at approximately $28,705,000. JD.com accounts for about 2.4% of Carrhae Capital LLP's holdings, making the stock its 12th biggest holding. Carrhae Capital LLP owned approximately 0.05% of JD.com as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of JD. Richardson Financial Services Inc. bought a new stake in JD.com in the fourth quarter worth $27,000. Brooklyn Investment Group bought a new position in JD.com in the 4th quarter worth about $34,000. Nisa Investment Advisors LLC grew its position in 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 purchasing an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new position in JD.com in the fourth quarter worth about $41,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of 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 buying an additional 684 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Barclays boosted their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. UBS Group set a $51.00 price objective on JD.com in a research report on Friday, March 7th. Dbs Bank raised JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Susquehanna reaffirmed a "neutral" rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lifted their price target 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. Two 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's stock. According to MarketBeat, JD.com presently has an average rating of "Moderate Buy" and a consensus price target of $45.64.
View Our Latest Research Report on JD
JD.com Stock Performance
Shares of NASDAQ:JD traded down $1.31 during midday trading on Friday, hitting $41.58. The company had a trading volume of 6,733,117 shares, compared to its average volume of 13,661,649. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The company has a fifty day moving average of $41.25 and a two-hundred day moving average of $38.46. The company has a market cap of $65.58 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.31 and a beta of 0.43. 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 business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a $0.76 dividend. This is a boost from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. This represents a yield of 1.7%. JD.com's dividend payout ratio is presently 26.13%.
JD.com Profile
(
Free Report)
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.
Further Reading
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