Graham Capital Management L.P. Takes $2.37 Million Position in JD.com, Inc. (NASDAQ:JD)

Graham Capital Management L.P. acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 68,429 shares of the information services provider's stock, valued at approximately $2,372,000.

A number of other hedge funds also recently bought and sold shares of JD. Richardson Financial Services Inc. purchased a new position in shares of JD.com in the fourth quarter worth $27,000. Brooklyn Investment Group bought a new stake in JD.com in the 4th quarter worth $34,000. Nisa Investment Advisors LLC increased its position in shares of JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after acquiring an additional 417 shares during the period. Farther Finance Advisors LLC raised its stake in shares of JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock valued at $45,000 after acquiring an additional 684 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings in shares of JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after purchasing an additional 785 shares during the period. Institutional investors own 15.98% of the company's stock.

JD.com Stock Down 3.9%

JD.com stock traded down $1.38 during trading hours on Thursday, hitting $34.35. The stock had a trading volume of 19,580,451 shares, compared to its average volume of 14,435,379. The stock's 50-day moving average price is $37.42 and its 200-day moving average price is $37.93. The stock has a market capitalization of $54.17 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were issued a $0.76 dividend. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, April 8th. JD.com's payout ratio is presently 26.13%.

Analysts Set New Price Targets

JD has been the topic of several research analyst reports. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Macquarie reiterated a "neutral" rating and issued a $35.00 price objective on shares of JD.com in a report on Wednesday, April 23rd. Benchmark lowered their price objective on JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a research report on Wednesday. UBS Group set a $51.00 target price on shares of JD.com in a research report on Friday, March 7th. Finally, Mizuho decreased their price target on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $47.42.

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.