ANTIPODES PARTNERS Ltd Invests $47.95 Million in JD.com, Inc. (NASDAQ:JD)

ANTIPODES PARTNERS Ltd purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,382,875 shares of the information services provider’s stock, valued at approximately $47,948,000. JD.com accounts for 1.7% of ANTIPODES PARTNERS Ltd’s investment portfolio, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in JD.com by 9.9% during the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after acquiring an additional 36,096 shares during the period. Maple Rock Capital Partners Inc. boosted its holdings in JD.com by 5.9% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after acquiring an additional 200,200 shares during the period. KBC Group NV boosted its holdings in JD.com by 213.4% during the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock valued at $12,343,000 after acquiring an additional 242,409 shares during the period. National Bank of Canada FI boosted its holdings in JD.com by 65,089.6% during the 3rd 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 acquiring an additional 2,211,095 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in JD.com by 20.4% during the 4th quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider’s stock valued at $13,646,000 after acquiring an additional 66,693 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Dbs Bank raised JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Benchmark increased 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. JPMorgan Chase & Co. increased their price target on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Barclays increased their price target on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.64.

JD.com Trading Down 0.9 %

JD opened at $40.37 on Thursday. The firm has a market cap of $63.67 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82. The business’s 50 day moving average is $39.35 and its two-hundred day moving average is $37.07. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given 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 is Tuesday, April 8th. This represents a yield of 1.7%. JD.com’s payout ratio is 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.