Hel Ved Capital Management Ltd Takes Position in JD.com, Inc. (NASDAQ:JD)

Hel Ved Capital Management Ltd purchased a new position in JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 164,500 shares of the information services provider’s stock, valued at approximately $5,703,000. JD.com makes up about 1.7% of Hel Ved Capital Management Ltd’s holdings, making the stock its 18th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of JD. Two Sigma Advisers LP grew its position in shares of JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after buying an additional 4,839,700 shares during the period. Appaloosa LP grew its holdings in JD.com by 43.4% in 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 during the period. National Bank of Canada FI increased its stake in shares of JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after purchasing an additional 2,211,095 shares in the last quarter. Norges Bank purchased a new position in shares of JD.com during the fourth quarter valued at approximately $70,130,000. Finally, Soros Fund Management LLC boosted its position in shares of JD.com by 114.1% in the 3rd quarter. Soros Fund Management LLC now owns 2,730,000 shares of the information services provider’s stock worth $109,200,000 after purchasing an additional 1,455,000 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JD shares. Susquehanna reiterated a “neutral” rating and set a $45.00 price objective (up previously from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. UBS Group set a $51.00 target price on shares of JD.com in a research note on Friday, March 7th. Barclays lifted their price objective on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Benchmark upped their target price on shares of JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, Mizuho upped their price target on JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, JD.com presently has a consensus rating of “Moderate Buy” and an average price target of $45.64.

JD.com Trading Down 7.7 %

Shares of JD stock opened at $36.81 on Friday. 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 capitalization of $58.05 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The stock’s 50-day moving average price is $41.33 and its 200-day moving average price is $38.85.

JD.com Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is a boost from JD.com’s previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com’s dividend payout ratio is 26.13%.

About JD.com

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.