Premier Fund Managers Ltd Acquires New Holdings in JD.com, Inc. (NASDAQ:JD)

Premier Fund Managers Ltd bought a new position in JD.com, Inc. (NASDAQ:JD) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 179,600 shares of the information services provider’s stock, valued at approximately $6,148,000.

Several other large investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares in the last quarter. Appaloosa LP lifted its holdings in JD.com by 43.4% in the 4th 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. Two Sigma Advisers LP increased its position in JD.com by 329.9% during 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 purchasing an additional 4,839,700 shares during the period. Point72 Asset Management L.P. increased its position in shares of JD.com by 117.1% during the third 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, Maple Rock Capital Partners Inc. raised its position in shares of JD.com by 5.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after acquiring an additional 200,200 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on JD. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. Mizuho raised their target price 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. Susquehanna reiterated a “neutral” rating and issued a $45.00 price objective (up previously from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Dbs Bank raised JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, Barclays raised 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. Two 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’s stock. Based on data from MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and a consensus price target of $45.64.

JD.com Stock Up 2.7 %

Shares of NASDAQ JD opened at $42.89 on Friday. The stock has a market capitalization of $67.64 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The firm’s 50-day moving average price is $41.20 and its 200-day moving average price is $38.26. 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 declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is a positive change from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio is presently 26.13%.

About JD.com

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.