J2 Capital Management Inc Takes $431,000 Position in JD.com, Inc. (NASDAQ:JD)

J2 Capital Management Inc bought a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,489 shares of the information services provider's stock, valued at approximately $431,000.

A number of other institutional investors also recently bought and sold shares of JD. Nisa Investment Advisors LLC raised its holdings 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 worth $35,000 after acquiring an additional 417 shares during the last quarter. Janney Montgomery Scott LLC grew its position in JD.com by 41.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 24,508 shares of the information services provider's stock valued at $850,000 after acquiring an additional 7,174 shares during the period. Brighton Jones LLC purchased a new stake in shares of JD.com in the fourth quarter worth about $270,000. Blue Trust Inc. boosted its position in shares of JD.com by 188.3% in the fourth quarter. Blue Trust Inc. now owns 9,103 shares of the information services provider's stock worth $316,000 after buying an additional 5,945 shares during the period. Finally, SteelPeak Wealth LLC purchased a new stake in shares of JD.com in the fourth quarter worth about $290,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Up 1.4%

Shares of JD traded up $0.45 during mid-day trading on Monday, reaching $32.86. The company's stock had a trading volume of 6,920,113 shares, compared to its average volume of 14,014,885. The business has a fifty day moving average of $35.19 and a 200 day moving average of $37.43. The company has a market cap of $51.82 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a 1 year low of $24.13 and a 1 year 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 business also recently announced an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.76 per share. 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 was Tuesday, April 8th. JD.com's dividend payout ratio (DPR) is 23.84%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JD. Citigroup reissued a "buy" rating and issued a $51.00 price target (down previously from $56.00) on shares of JD.com in a report on Monday, April 28th. Dbs Bank upgraded JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Barclays increased their price target on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Benchmark lowered their target price on JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Finally, UBS Group set a $51.00 price target on JD.com in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, JD.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.33.

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.