1,033,788 Shares in JD.com, Inc. (NASDAQ:JD) Purchased by Contrarius Group Holdings Ltd

Contrarius Group Holdings Ltd purchased a new position in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,033,788 shares of the information services provider’s stock, valued at approximately $35,841,000. JD.com makes up 2.2% of Contrarius Group Holdings Ltd’s investment portfolio, making the stock its 14th biggest position. Contrarius Group Holdings Ltd owned approximately 0.07% of JD.com as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of JD. Richardson Financial Services Inc. acquired a new stake in JD.com during the 4th quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in shares of JD.com during the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC lifted its holdings in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after buying an additional 417 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of JD.com during the 4th quarter valued at about $41,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of JD.com by 111.6% during the 4th 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 during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of NASDAQ:JD opened at $44.83 on Thursday. The business’s fifty day moving average price is $40.25 and its two-hundred day moving average price is $37.68. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The stock has a market capitalization of $70.70 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. 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. Shareholders of record on Tuesday, April 8th will be given a $0.76 dividend. This represents a yield of 1.7%. This is a boost from JD.com’s previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com’s dividend payout ratio is 26.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on JD shares. Susquehanna reiterated a “neutral” rating and set a $45.00 price target (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Mizuho lifted their price target on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Benchmark lifted their price target on JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a report on Friday, March 7th. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. boosted their target price on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.64.

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.