68,429 Shares in JD.com, Inc. (NASDAQ:JD) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 68,429 shares of the information services provider’s stock, valued at approximately $2,372,000.

A number of other hedge funds have also recently bought and sold shares of JD. Richardson Financial Services Inc. acquired a new position in shares of JD.com in the 4th quarter valued at $27,000. Brooklyn Investment Group acquired a new position in shares of JD.com in the 4th quarter valued at $34,000. Nisa Investment Advisors LLC raised its stake in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after buying an additional 417 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of JD.com by 111.6% during the 4th 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 in the last quarter. Finally, GeoWealth Management LLC increased its position in shares of JD.com by 129.1% during the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider’s stock worth $48,000 after purchasing an additional 785 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JD. JPMorgan Chase & Co. raised their price objective 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. Mizuho raised their price objective on shares of JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Bank of America lowered their price objective on shares of JD.com from $51.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Citigroup reiterated a “buy” rating and set a $51.00 price target (down previously from $56.00) on shares of JD.com in a research report on Monday, April 28th. Finally, Macquarie reiterated a “neutral” rating and set a $35.00 price target on shares of JD.com in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.27.

JD.com Price Performance

Shares of JD opened at $33.86 on Monday. The company has a market cap of $53.40 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The company’s fifty day simple moving average is $37.84 and its 200 day simple moving average is $37.98. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were issued a $0.76 dividend. This is an increase from JD.com’s previous annual dividend of $0.74. This represents a dividend yield of 1.7%. The ex-dividend date was Tuesday, April 8th. JD.com’s 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.