JD.com, Inc. (NASDAQ:JD) Stock Holdings Increased by AI Squared Management Ltd

AI Squared Management Ltd raised its stake in JD.com, Inc. (NASDAQ:JD) by 74.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 261,513 shares of the information services provider’s stock after buying an additional 111,513 shares during the quarter. JD.com makes up approximately 9.3% of AI Squared Management Ltd’s portfolio, making the stock its 5th biggest holding. AI Squared Management Ltd’s holdings in JD.com were worth $9,067,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JD. Richardson Financial Services Inc. purchased 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 4th quarter worth about $34,000. Nisa Investment Advisors LLC raised its stake in 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 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 4th quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of JD.com during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on JD shares. UBS Group set a $51.00 price objective on shares of 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. Barclays increased their target price on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Mizuho increased their price objective on shares of JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Finally, Benchmark boosted their target price on shares of JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.64.

JD.com Trading Up 0.8 %

NASDAQ:JD opened at $42.57 on Tuesday. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The business’s 50-day simple moving average is $40.78 and its 200 day simple moving average is $38.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a market cap of $67.14 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. This is a boost from JD.com’s previous annual dividend of $0.74. This represents a dividend yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com’s dividend payout ratio is 26.13%.

JD.com Company 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.