JD.com, Inc. (NASDAQ:JD) Stock Holdings Boosted by Appaloosa LP

Appaloosa LP grew its position in shares of JD.com, Inc. (NASDAQ:JD) by 43.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,465,885 shares of the information services provider’s stock after acquiring an additional 3,165,885 shares during the quarter. JD.com accounts for approximately 5.6% of Appaloosa LP’s portfolio, making the stock its 6th largest holding. Appaloosa LP’s holdings in JD.com were worth $362,852,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of JD. Two Sigma Advisers LP boosted its holdings 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 last quarter. FMR LLC boosted its holdings in shares of JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after buying an additional 4,445,277 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. raised its stake in JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after acquiring an additional 2,175,568 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in JD.com in the 3rd quarter valued at about $73,311,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on JD shares. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Sanford C. Bernstein restated an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Barclays boosted their price objective on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Mizuho boosted their price objective on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Benchmark upped their price target on JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.64.

JD.com Stock Down 0.9 %

Shares of NASDAQ JD opened at $40.37 on Thursday. JD.com, Inc. has a 12 month low of $24.13 and a 12 month 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 firm has a market capitalization of $63.67 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.31 and a beta of 0.43. The business has a 50-day moving average of $39.35 and a 200-day moving average of $37.07.

JD.com Increases Dividend

The firm 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 is a positive change from JD.com’s previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 1.7%. JD.com’s payout ratio is presently 19.73%.

JD.com Company 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.