Slate Path Capital LP Has $93.18 Million Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Slate Path Capital LP lifted its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,687,500 shares of the information services provider's stock after purchasing an additional 229,500 shares during the quarter. JD.com accounts for 1.7% of Slate Path Capital LP's portfolio, making the stock its 26th largest position. Slate Path Capital LP owned approximately 0.17% of JD.com worth $93,176,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. FMR LLC boosted its position in shares of JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after acquiring an additional 13,170,649 shares in the last quarter. Appaloosa LP lifted its stake 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 valued at $362,852,000 after acquiring an additional 3,165,885 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in JD.com by 76.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock worth $114,886,000 after purchasing an additional 1,440,418 shares in the last quarter. North of South Capital LLP increased its stake in shares of JD.com by 48.2% in the fourth quarter. North of South Capital LLP now owns 2,899,808 shares of the information services provider's stock valued at $100,536,000 after buying an additional 942,629 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in JD.com by 46.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,432,970 shares of the information services provider's stock worth $84,351,000 after buying an additional 771,613 shares during the period. Institutional investors own 15.98% of the company's stock.

JD.com Trading Down 1.9 %

JD.com stock opened at $34.06 on Tuesday. The business's fifty day simple moving average is $39.92 and its two-hundred day simple moving average is $38.79. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $53.72 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82.

JD.com Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is an increase from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is presently 26.13%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on JD shares. Barclays upped their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Bank of America reduced their target price on JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. UBS Group set a $51.00 price objective on JD.com in a report on Friday, March 7th. Finally, Benchmark raised their price target on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, March 7th. One equities research analyst has 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, the company presently has a consensus rating of "Buy" and an average price target of $48.67.

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.

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