Carrhae Capital LLP Makes New $28.71 Million Investment in JD.com, Inc. (NASDAQ:JD)

Carrhae Capital LLP purchased a new stake in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 827,951 shares of the information services provider’s stock, valued at approximately $28,705,000. JD.com makes up approximately 2.4% of Carrhae Capital LLP’s investment portfolio, making the stock its 12th largest holding. Carrhae Capital LLP owned approximately 0.05% of JD.com at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new position in JD.com in the fourth quarter valued at $27,000. Brooklyn Investment Group bought a new position in shares of JD.com in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC increased its position in shares of 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 valued at $35,000 after acquiring an additional 417 shares during the last quarter. Modus Advisors LLC bought a new stake in JD.com during the fourth quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in JD.com during the third quarter valued at approximately $49,000. 15.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Susquehanna reiterated a “neutral” rating and set a $45.00 price objective (up previously from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Barclays upped their price target on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Dbs Bank upgraded JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, JD.com has a consensus rating of “Moderate Buy” and an average price target of $45.64.

JD.com Stock Performance

JD opened at $42.57 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The business has a fifty day simple moving average of $40.78 and a 200 day simple moving average of $38.10. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The company has a market capitalization of $67.14 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The firm 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 is an increase from JD.com’s previous annual dividend of $0.74. This represents a dividend yield of 1.7%. JD.com’s dividend payout ratio is 26.13%.

JD.com 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.