Maytus Capital Management LLC increased its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 83.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 165,000 shares of the information services provider's stock after purchasing an additional 75,000 shares during the period. JD.com accounts for approximately 2.0% of Maytus Capital Management LLC's holdings, making the stock its 21st largest position. Maytus Capital Management LLC's holdings in JD.com were worth $5,721,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in shares of JD.com in the fourth quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in JD.com in the 4th quarter valued at $34,000. Nisa Investment Advisors LLC lifted its position in shares of JD.com by 71.5% during the 4th 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 grew its holdings in shares of JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after purchasing an additional 684 shares in the last quarter. Finally, GeoWealth Management LLC raised its stake in JD.com by 129.1% in the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock valued at $48,000 after purchasing an additional 785 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted 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, March 7th. UBS Group set a $51.00 price objective on shares of JD.com in a research note on Friday, March 7th. Mizuho boosted their target price on shares of JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Finally, Barclays boosted their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, ten have issued 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 a consensus rating of "Moderate Buy" and an average target price of $49.27.
Check Out Our Latest Research Report on JD
JD.com Price Performance
Shares of NASDAQ:JD opened at $36.05 on Tuesday. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The company's 50-day moving average is $37.69 and its 200 day moving average is $37.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The company has a market capitalization of $56.86 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56.
JD.com Increases Dividend
The business also recently declared an annual dividend, which was paid on Tuesday, April 29th. Stockholders 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 dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, April 8th. JD.com's dividend payout ratio (DPR) is presently 26.13%.
About JD.com
(
Free Report)
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.
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