AI Squared Management Ltd Purchases 111,513 Shares of JD.com, Inc. (NASDAQ:JD)

AI Squared Management Ltd lifted its position in shares of JD.com, Inc. (NASDAQ:JD) by 74.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 261,513 shares of the information services provider’s stock after buying an additional 111,513 shares during the period. JD.com makes up approximately 9.3% of AI Squared Management Ltd’s portfolio, making the stock its 5th largest position. AI Squared Management Ltd’s holdings in JD.com were worth $9,067,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JD. Carrhae Capital LLP acquired a new position in JD.com in the fourth quarter valued at about $28,705,000. GQG Partners LLC purchased a new position in shares of JD.com during the fourth quarter worth $5,017,000. Guardian Partners Inc. acquired a new stake in shares of JD.com in the fourth quarter valued at $448,000. Sei Investments Co. raised its holdings in shares of JD.com by 144.6% in the 4th quarter. Sei Investments Co. now owns 89,378 shares of the information services provider’s stock valued at $3,099,000 after buying an additional 52,843 shares during the period. Finally, Summit Global Investments boosted its holdings in JD.com by 15.9% during the 4th quarter. Summit Global Investments now owns 53,922 shares of the information services provider’s stock valued at $1,869,000 after acquiring an additional 7,405 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Susquehanna reiterated 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. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. Dbs Bank raised JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Finally, Barclays lifted their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.64.

JD.com Trading Up 0.8 %

JD opened at $42.57 on Tuesday. The firm has a market cap of $67.14 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82. The business’s 50 day moving average is $40.78 and its two-hundred day moving average is $38.10. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

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