Patient Capital Management LLC Takes $3.47 Million Position in JD.com, Inc. (NASDAQ:JD)

Patient Capital Management LLC acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 100,000 shares of the information services provider's stock, valued at approximately $3,467,000.

Several other institutional investors also recently bought and sold shares of the business. Richardson Financial Services Inc. acquired a new stake in JD.com in the 4th quarter worth approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of JD.com during the fourth quarter worth $34,000. Nisa Investment Advisors LLC lifted its position in 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 worth $35,000 after acquiring an additional 417 shares during the period. Farther Finance Advisors LLC grew its stake in 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 valued at $45,000 after purchasing an additional 684 shares during the last quarter. Finally, GeoWealth Management LLC increased its holdings in shares of 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 during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on JD. Macquarie reiterated a "neutral" rating and issued a $35.00 target price on shares of JD.com in a research report on Wednesday, April 23rd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a report on Friday, March 7th. Bank of America cut their price objective on shares of JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Finally, Citigroup restated a "buy" rating and issued a $51.00 target price (down previously from $56.00) on shares of JD.com in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, JD.com has an average rating of "Moderate Buy" and an average price target of $49.27.

JD.com Stock Up 3.3%

Shares of NASDAQ:JD opened at $37.25 on Wednesday. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The stock has a market cap of $58.75 billion, a P/E ratio of 11.79, a PEG ratio of 0.31 and a beta of 0.56. The business has a fifty day moving average of $37.55 and a two-hundred day moving average of $37.94. 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 firm also recently disclosed an annual dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were given a $0.76 dividend. This represents a yield of 1.7%. This is a positive change from JD.com's previous annual dividend of $0.74. The ex-dividend date was Tuesday, April 8th. JD.com's dividend payout ratio is presently 26.13%.

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.

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