Ardmore Road Asset Management LP Acquires 620,000 Shares of JD.com, Inc. (NASDAQ:JD)

Ardmore Road Asset Management LP grew its holdings in JD.com, Inc. (NASDAQ:JD) by 88.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,320,000 shares of the information services provider’s stock after acquiring an additional 620,000 shares during the quarter. JD.com accounts for approximately 6.7% of Ardmore Road Asset Management LP’s holdings, making the stock its 3rd largest holding. Ardmore Road Asset Management LP owned 0.08% of JD.com worth $45,764,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Richardson Financial Services Inc. acquired a new position in shares of JD.com in the 4th quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in JD.com during the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC increased its holdings in shares of JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares during the period. Modus Advisors LLC purchased a new position in shares of JD.com in the fourth quarter worth about $41,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after purchasing an additional 684 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

Shares of NASDAQ JD opened at $41.32 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The firm has a market cap of $65.17 billion, a PE ratio of 13.08, a PEG ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The firm has a fifty day moving average of $41.35 and a 200 day moving average of $38.75.

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 issued a $0.76 dividend. This represents a yield of 1.7%. This is a boost from JD.com’s previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. JD.com’s payout ratio is presently 26.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on JD shares. Barclays increased their price target 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. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Mizuho upped their price target on shares of JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, Susquehanna reissued a “neutral” rating and issued a $45.00 price objective (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.64.

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.