Hel Ved Capital Management Ltd Purchases Shares of 164,500 JD.com, Inc. (NASDAQ:JD)

Hel Ved Capital Management Ltd acquired a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 164,500 shares of the information services provider's stock, valued at approximately $5,703,000. JD.com comprises about 1.7% of Hel Ved Capital Management Ltd's holdings, making the stock its 18th largest position.

A number of other hedge funds also recently modified their holdings of the stock. Two Sigma Advisers LP grew its stake in JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock worth $252,268,000 after buying an additional 4,839,700 shares in the last quarter. Appaloosa LP lifted its position in shares of JD.com by 43.4% in the 4th 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. National Bank of Canada FI grew its stake 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. Norges Bank bought a new stake in JD.com in the fourth quarter valued at $70,130,000. Finally, Soros Fund Management LLC boosted its holdings in JD.com by 114.1% in the third quarter. Soros Fund Management LLC now owns 2,730,000 shares of the information services provider's stock worth $109,200,000 after acquiring an additional 1,455,000 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JD. 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 report on Friday, March 7th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. UBS Group set a $51.00 target price on JD.com in a report on Friday, March 7th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a report on Friday, March 7th. Finally, Susquehanna reiterated a "neutral" rating and issued a $45.00 target price (up from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $46.62.

JD.com Trading Up 2.7 %

Shares of NASDAQ:JD traded up $0.94 during trading on Thursday, hitting $36.02. The company had a trading volume of 13,622,658 shares, compared to its average volume of 13,920,723. The stock has a market cap of $56.80 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth 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. The company has a fifty day simple moving average of $40.66 and a two-hundred day simple moving average of $39.06. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82.

JD.com Increases Dividend

The business 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 $0.76 dividend. This represents a yield of 1.7%. This is a boost from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. JD.com's payout ratio is 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.