Hel Ved Capital Management Ltd Makes New $5.70 Million Investment in JD.com, Inc. (NASDAQ:JD)

Hel Ved Capital Management Ltd purchased a new stake in JD.com, Inc. (NASDAQ:JD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 164,500 shares of the information services provider’s stock, valued at approximately $5,703,000. JD.com accounts for about 1.7% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC boosted its stake in JD.com by 9.4% in the 3rd quarter. Cerity Partners LLC now owns 18,466 shares of the information services provider’s stock worth $739,000 after purchasing an additional 1,586 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in JD.com by 280.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,652 shares of the information services provider’s stock valued at $1,026,000 after acquiring an additional 18,916 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in JD.com by 24.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 21,295 shares of the information services provider’s stock worth $851,000 after acquiring an additional 4,157 shares during the period. Integrated Wealth Concepts LLC bought a new position in JD.com in the 3rd quarter valued at $280,000. Finally, Quantinno Capital Management LP grew its position in shares of JD.com by 20.2% during the 3rd quarter. Quantinno Capital Management LP now owns 16,105 shares of the information services provider’s stock valued at $644,000 after purchasing an additional 2,712 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

JD stock opened at $36.81 on Friday. 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’s 50-day moving average price is $41.33 and its two-hundred day moving average price is $38.85. The stock has a market capitalization of $58.05 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82.

JD.com Increases Dividend

The firm also recently disclosed 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 is Tuesday, April 8th. This represents a yield of 1.7%. This is a boost from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio (DPR) is 26.13%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JD shares. JPMorgan Chase & Co. lifted 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, March 7th. Mizuho upped their price objective on shares of JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Barclays lifted their target price on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. UBS Group set a $51.00 price target on shares of JD.com in a report on Friday, March 7th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a report 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.64.

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.