Ovata Capital Management Ltd Has $1.82 Million Holdings in JD.com, Inc. (NASDAQ:JD)

Ovata Capital Management Ltd boosted its stake in JD.com, Inc. (NASDAQ:JD) by 175.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,391 shares of the information services provider’s stock after buying an additional 33,391 shares during the quarter. JD.com makes up about 0.7% of Ovata Capital Management Ltd’s investment portfolio, making the stock its 25th largest position. Ovata Capital Management Ltd’s holdings in JD.com were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new position in shares of JD.com in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group bought a new position in JD.com in the 4th quarter valued at $34,000. Nisa Investment Advisors LLC boosted its stake in 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 worth $35,000 after purchasing an additional 417 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of JD.com during the fourth quarter worth $41,000. Finally, Farther Finance Advisors LLC increased its stake in shares of JD.com by 111.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock valued at $45,000 after buying an additional 684 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Performance

Shares of JD stock opened at $36.81 on Friday. The stock has a market cap of $58.05 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The stock has a 50-day moving average of $41.33 and a 200-day moving average of $38.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82.

JD.com Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This is a positive change from JD.com’s previous annual dividend of $0.74. This represents a yield of 1.7%. JD.com’s dividend payout ratio (DPR) is 26.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Barclays increased their price objective 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. JPMorgan Chase & Co. increased their price target on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Benchmark boosted their price objective on shares of JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. UBS Group set a $51.00 price objective on JD.com in a research report on Friday, March 7th. Finally, StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.64.

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.