Scion Asset Management LLC Invests $10.40 Million in JD.com, Inc. (NASDAQ:JD)

Scion Asset Management LLC purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 300,000 shares of the information services provider's stock, valued at approximately $10,401,000. JD.com comprises 13.4% of Scion Asset Management LLC's portfolio, making the stock its 3rd biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new stake in shares of JD.com in the fourth quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in JD.com in the 4th quarter worth about $34,000. Nisa Investment Advisors LLC raised its stake in JD.com by 71.5% in 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 lifted its holdings in JD.com by 111.6% during the fourth 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 boosted its position in JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $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.

JD.com Trading Down 2.3%

Shares of JD stock opened at $33.55 on Friday. The company has a market capitalization of $52.91 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The business's fifty day moving average is $37.15 and its 200 day moving average is $37.83. 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 firm also recently declared an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were issued a $0.76 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a dividend yield of 1.7%. This is a boost from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is presently 26.13%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JD. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Macquarie reiterated a "neutral" rating and issued a $35.00 price objective on shares of JD.com in a research note on Wednesday, April 23rd. UBS Group set a $51.00 target price on JD.com in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their price target on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Barclays boosted their price objective on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Two investment 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 company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $47.42.

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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