Bridgefront Capital LLC Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Bridgefront Capital LLC purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,571 shares of the information services provider's stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JD. Wilmington Savings Fund Society FSB bought a new stake in shares of JD.com in the 3rd quarter valued at approximately $49,000. Tidal Investments LLC lifted its stake in shares of JD.com by 38.7% during the 3rd quarter. Tidal Investments LLC now owns 34,036 shares of the information services provider's stock worth $1,361,000 after acquiring an additional 9,500 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of JD.com during the 3rd quarter worth approximately $341,000. Nordea Investment Management AB lifted its stake in shares of JD.com by 7.2% during the 4th quarter. Nordea Investment Management AB now owns 451,509 shares of the information services provider's stock worth $15,821,000 after acquiring an additional 30,140 shares during the last quarter. Finally, Headwater Capital Co Ltd bought a new stake in shares of JD.com during the 4th quarter worth approximately $17,335,000. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

NASDAQ JD traded up $2.30 during trading hours on Monday, reaching $36.16. The stock had a trading volume of 16,938,405 shares, compared to its average volume of 14,275,584. The stock has a market cap of $57.02 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. The stock has a fifty day moving average of $37.84 and a 200 day moving average of $37.98. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

JD.com Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were given a $0.76 dividend. This represents a yield of 1.7%. The ex-dividend date was 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 currently 26.13%.

Analysts Set New Price Targets

JD has been the subject of a number of research analyst reports. Mizuho raised their price target on JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Barclays raised their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Dbs Bank upgraded JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Bank of America reduced their price objective on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Benchmark raised their price objective on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, JD.com has an average rating of "Moderate Buy" and an average target price of $49.27.

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.