Carrhae Capital LLP Invests $28.71 Million in JD.com, Inc. (NASDAQ:JD)

Carrhae Capital LLP purchased a new position in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, Holdings Channel reports. The firm purchased 827,951 shares of the information services provider’s stock, valued at approximately $28,705,000. JD.com accounts for 2.4% of Carrhae Capital LLP’s portfolio, making the stock its 12th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in JD.com during the third quarter valued at approximately $453,000. PNC Financial Services Group Inc. increased its stake in shares of JD.com by 2.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 52,425 shares of the information services provider’s stock valued at $2,097,000 after purchasing an additional 1,267 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of JD.com by 85.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,776 shares of the information services provider’s stock worth $791,000 after buying an additional 9,112 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of JD.com by 155.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,661,357 shares of the information services provider’s stock worth $66,454,000 after buying an additional 1,010,736 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after buying an additional 36,096 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays increased their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Mizuho upped their price objective on shares of JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their target price 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 target price on shares of JD.com in a research note on Friday, March 7th. Finally, StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.64.

JD.com Trading Up 0.8 %

Shares of JD stock opened at $42.57 on Tuesday. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a market cap of $67.14 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.31 and a beta of 0.43. The stock has a 50-day moving average of $40.78 and a 200-day moving average of $38.10.

JD.com Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.76 per share. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is an increase from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio is currently 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.