Tejara Capital Ltd Buys Shares of 28,800 JD.com, Inc. (NASDAQ:JD)

Tejara Capital Ltd bought a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 28,800 shares of the information services provider’s stock, valued at approximately $998,000.

Other hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in shares of JD.com in the 4th quarter worth approximately $27,000. Brooklyn Investment Group bought a new stake in shares of JD.com in the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC lifted its holdings in shares of JD.com by 71.5% in the 4th 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. Modus Advisors LLC bought a new stake in shares of JD.com in the 4th quarter worth approximately $41,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after acquiring an additional 684 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. lifted 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 lifted 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, February 28th. Susquehanna reaffirmed a “neutral” rating and issued a $45.00 target price (up from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Two 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.64.

JD.com Stock Up 4.7 %

Shares of JD.com stock opened at $45.21 on Tuesday. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The company has a market cap of $71.30 billion, a P/E ratio of 14.31, a PEG ratio of 0.31 and a beta of 0.43. 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’s fifty day simple moving average is $39.85 and its two-hundred day simple moving average is $37.51.

JD.com Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.76 dividend. This represents a yield of 1.7%. This is a positive change from JD.com’s previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com’s dividend payout ratio 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.