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

Ovata Capital Management Ltd raised its stake in JD.com, Inc. (NASDAQ:JD) by 175.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the 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 comprises approximately 0.7% of Ovata Capital Management Ltd’s investment portfolio, making the stock its 25th biggest holding. Ovata Capital Management Ltd’s holdings in JD.com were worth $1,816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV grew its holdings in shares of JD.com by 213.4% during the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock worth $12,343,000 after buying an additional 242,409 shares in the last quarter. Appaloosa LP raised its holdings in shares of JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock valued at $362,852,000 after purchasing an additional 3,165,885 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after purchasing an additional 2,211,095 shares during the last quarter. Van ECK Associates Corp boosted its holdings in JD.com by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider’s stock worth $13,646,000 after purchasing an additional 66,693 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its holdings in JD.com by 25.4% during the fourth quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider’s stock worth $17,492,000 after purchasing an additional 102,326 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on JD shares. Benchmark boosted their price target 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. Barclays upped their target price on 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. raised their price target on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, UBS Group set a $51.00 target price on shares of JD.com in a research note on Friday, March 7th. Two 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 stock has an average rating of “Moderate Buy” and an average price target of $45.64.

JD.com Trading Down 7.7 %

JD stock opened at $36.81 on Friday. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The stock has a market cap of $58.05 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The company has a fifty day moving average price of $41.33 and a two-hundred day moving average price 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 Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a $0.76 dividend. The ex-dividend date is Tuesday, April 8th. This represents a yield of 1.7%. This is a positive change from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio is 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.