JD.com, Inc. (NASDAQ:JD) Stock Position Raised by Ovata Capital Management Ltd

Ovata Capital Management Ltd increased its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 175.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,391 shares of the information services provider's stock after buying an additional 33,391 shares during the quarter. JD.com comprises 0.7% of Ovata Capital Management Ltd's holdings, making the stock its 25th largest position. Ovata Capital Management Ltd's holdings in JD.com were worth $1,816,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in JD. Richardson Financial Services Inc. acquired a new position in JD.com during the fourth quarter worth $27,000. Brooklyn Investment Group purchased a new stake in JD.com during the fourth quarter worth about $34,000. Nisa Investment Advisors LLC lifted its position in shares of JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after purchasing an additional 417 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of JD.com in the fourth quarter valued at approximately $41,000. Finally, Farther Finance Advisors LLC increased its stake in JD.com by 111.6% during the 4th 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 during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JD has been the subject of several analyst reports. Benchmark boosted their target price on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their target price 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. Barclays increased their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, Mizuho boosted 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. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, JD.com has an average rating of "Moderate Buy" and a consensus target price of $46.62.

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JD.com Stock Up 2.6 %

JD.com stock traded up $0.90 during midday trading on Thursday, hitting $35.98. The stock had a trading volume of 13,622,658 shares, compared to its average volume of 13,920,723. The business has a fifty day moving average price of $40.66 and a 200 day moving average price of $39.06. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The stock has a market cap of $56.75 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.31 and a beta of 0.53. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

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 given a $0.76 dividend. The ex-dividend date is Tuesday, April 8th. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. JD.com's dividend payout ratio (DPR) 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.