JD.com, Inc. (NASDAQ:JD) is Ardmore Road Asset Management LP’s 3rd Largest Position

Ardmore Road Asset Management LP increased its stake in shares of JD.com, Inc. (NASDAQ:JD) by 88.6% in the 4th quarter, HoldingsChannel reports. The firm owned 1,320,000 shares of the information services provider’s stock after purchasing an additional 620,000 shares during the period. JD.com makes up 6.7% of Ardmore Road Asset Management LP’s investment portfolio, making the stock its 3rd biggest position. Ardmore Road Asset Management LP’s holdings in JD.com were worth $45,764,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JD. Two Sigma Advisers LP lifted its holdings in shares of JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after buying an additional 4,839,700 shares during the period. Appaloosa LP lifted its position in JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after buying an additional 3,165,885 shares during the period. National Bank of Canada FI boosted its position in shares of JD.com by 65,089.6% in 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 acquiring an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of JD.com by 117.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after buying an additional 2,175,568 shares during the period. Finally, Norges Bank acquired a new stake in JD.com during the fourth quarter worth about $70,130,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on JD shares. Barclays increased their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Sanford C. Bernstein restated an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their price target 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. UBS Group set a $51.00 target price on JD.com in a research report on Friday, March 7th. Finally, Mizuho lifted their price target on JD.com from $43.00 to $50.00 and gave the company an “outperform” 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 given a strong buy rating to the company. According to MarketBeat, JD.com has an average rating of “Moderate Buy” and a consensus price target of $45.64.

JD.com Stock Up 0.5 %

NASDAQ:JD opened at $41.32 on Wednesday. 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 stock has a market cap of $65.17 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 0.31 and a beta of 0.43. The stock has a 50-day moving average price of $41.35 and a two-hundred day moving average price of $38.75. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82.

JD.com Increases Dividend

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