Slate Path Capital LP increased its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,687,500 shares of the information services provider's stock after buying an additional 229,500 shares during the quarter. JD.com comprises about 1.7% of Slate Path Capital LP's investment portfolio, making the stock its 26th biggest position. Slate Path Capital LP owned 0.17% of JD.com worth $93,176,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JD. FMR LLC lifted its holdings in shares of JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after acquiring an additional 13,170,649 shares in the last quarter. Appaloosa LP lifted its stake in shares of JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after purchasing an additional 3,165,885 shares in the last quarter. Norges Bank purchased a new stake in shares of JD.com in the fourth quarter worth about $70,130,000. Robeco Institutional Asset Management B.V. grew its stake in shares of JD.com by 76.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock valued at $114,886,000 after buying an additional 1,440,418 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of JD.com during the 4th quarter valued at about $47,948,000. Institutional investors and hedge funds own 15.98% of the company's stock.
JD.com Stock Performance
JD traded up $0.06 during trading hours on Friday, hitting $32.53. 14,377,422 shares of the stock were exchanged, compared to its average volume of 14,273,793. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The stock has a 50-day simple moving average of $39.34 and a 200-day simple moving average of $38.47. The stock has a market cap of $51.30 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53.
JD.com Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a $0.76 dividend. The ex-dividend date is Tuesday, April 8th. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a dividend yield of 1.7%. JD.com's payout ratio is 26.13%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Barclays increased 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, February 28th. JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Bank of America cut their price target on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, UBS Group set a $51.00 target price on JD.com in a research report on Friday, March 7th. Two investment 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $49.27.
Check Out Our Latest Analysis on JD.com
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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