Alden Global Capital LLC Raises Stock Position in JD.com, Inc. (NASDAQ:JD)

Alden Global Capital LLC boosted its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 49.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,637 shares of the information services provider's stock after acquiring an additional 51,892 shares during the quarter. JD.com comprises 5.3% of Alden Global Capital LLC's investment portfolio, making the stock its 7th biggest holding. Alden Global Capital LLC's holdings in JD.com were worth $5,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JD. FMR LLC grew its position in shares of JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after purchasing an additional 13,170,649 shares during the last quarter. Appaloosa LP raised 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 valued at $362,852,000 after acquiring an additional 3,165,885 shares during the last quarter. Voya Investment Management LLC acquired a new stake in shares of JD.com during the fourth quarter worth $109,665,000. Norges Bank acquired a new position in JD.com during the fourth quarter worth approximately $70,130,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in JD.com by 76.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock valued at $114,886,000 after acquiring an additional 1,440,418 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

JD stock traded down $0.41 during trading hours on Monday, hitting $34.06. 6,726,598 shares of the stock traded hands, compared to its average volume of 14,211,029. 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 company has a market cap of $53.72 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The stock has a 50-day simple moving average of $38.60 and a 200 day simple moving average of $38.18.

JD.com Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were given a $0.76 dividend. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, April 8th. This is a boost from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is 26.13%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Macquarie reiterated a "neutral" rating and set a $35.00 price objective on shares of JD.com in a research note on Wednesday, April 23rd. Benchmark lifted their price objective on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Susquehanna reaffirmed a "neutral" rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a report on Friday, March 7th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company 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.