Scion Asset Management LLC Takes Position 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 the company in its most recent disclosure with the SEC. The institutional investor purchased 300,000 shares of the information services provider's stock, valued at approximately $10,401,000. JD.com comprises approximately 13.4% of Scion Asset Management LLC's investment portfolio, making the stock its 3rd largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Richardson Financial Services Inc. purchased a new position in shares of JD.com during the 4th quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of JD.com in the 4th quarter worth about $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 valued at $35,000 after acquiring an additional 417 shares during the period. Farther Finance Advisors LLC boosted its stake 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 worth $45,000 after acquiring an additional 684 shares in the last quarter. Finally, GeoWealth Management LLC boosted its position in shares of JD.com by 129.1% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Citigroup reiterated a "buy" rating and issued a $51.00 price target (down previously from $56.00) on shares of JD.com in a research note on Monday, April 28th. Benchmark cut their price target on shares of JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. UBS Group set a $51.00 price objective on shares of JD.com in a report on Friday, March 7th. Mizuho cut their target price on JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 14th. Finally, Dbs Bank upgraded JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Two equities 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 presently has an average rating of "Moderate Buy" and a consensus price target of $47.42.

JD.com Stock Performance

Shares of NASDAQ:JD traded up $0.14 during trading on Thursday, hitting $33.79. The company's stock had a trading volume of 6,070,338 shares, compared to its average volume of 14,176,265. The company has a 50-day moving average of $36.68 and a 200-day moving average of $37.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The firm has a market cap of $53.29 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.76 per share. This represents a dividend yield of 1.7%. The ex-dividend date 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 currently 23.84%.

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.