2,698,651 Shares in JD.com, Inc. (NASDAQ:JD) Bought by Aspex Management HK Ltd

Aspex Management HK Ltd bought a new position in JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,698,651 shares of the information services provider’s stock, valued at approximately $93,562,000. JD.com accounts for 2.5% of Aspex Management HK Ltd’s investment portfolio, making the stock its 16th largest holding. Aspex Management HK Ltd owned approximately 0.17% of JD.com as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new stake in shares of JD.com in the third quarter valued at approximately $3,170,000. Wilmington Savings Fund Society FSB acquired a new stake in JD.com in the 3rd quarter valued at $49,000. Tidal Investments LLC lifted its position in JD.com by 38.7% during the 3rd quarter. Tidal Investments LLC now owns 34,036 shares of the information services provider’s stock worth $1,361,000 after buying an additional 9,500 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of JD.com during the 3rd quarter worth about $341,000. Finally, Modus Advisors LLC acquired a new position in shares of JD.com during the 4th quarter worth about $41,000. Institutional investors own 15.98% of the company’s stock.

JD.com Trading Up 4.9 %

Shares of JD stock opened at $34.47 on Friday. The stock has a market cap of $54.36 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. 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 50 day simple moving average of $38.60 and a 200 day simple moving average of $38.20.

JD.com Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were given a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is an increase from JD.com’s previous annual dividend of $0.74. The ex-dividend date was Tuesday, April 8th. JD.com’s dividend payout ratio is presently 26.13%.

Analyst Ratings Changes

Several analysts recently issued reports on JD shares. Citigroup reiterated a “buy” rating and set a $51.00 target price (down previously from $56.00) on shares of JD.com in a report on Monday. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Susquehanna restated a “neutral” rating and set a $45.00 target price (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Finally, Bank of America cut their price target on shares of JD.com from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.27.

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.