Appaloosa LP Buys 3,165,885 Shares of JD.com, Inc. (NASDAQ:JD)

Appaloosa LP grew its stake in JD.com, Inc. (NASDAQ:JD) by 43.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,465,885 shares of the information services provider’s stock after purchasing an additional 3,165,885 shares during the period. JD.com comprises approximately 5.6% of Appaloosa LP’s investment portfolio, making the stock its 6th largest position. Appaloosa LP owned 0.66% of JD.com worth $362,852,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Richardson Financial Services Inc. bought a new position in JD.com in the 4th quarter valued at approximately $27,000. Brooklyn Investment Group bought a new position in JD.com in the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC raised its holdings in JD.com by 71.5% in 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 bought a new position in JD.com in the 4th quarter valued at approximately $41,000. Finally, Farther Finance Advisors LLC raised its holdings in JD.com by 111.6% in 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

NASDAQ JD opened at $40.37 on Thursday. The company has a fifty day simple moving average of $39.35 and a 200 day simple moving average of $37.07. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. 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 company has a market cap of $63.67 billion, a P/E ratio of 12.78, a PEG 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 given a $0.76 dividend. The ex-dividend date is Tuesday, April 8th. This represents a yield of 1.7%. This is an increase from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio (DPR) is presently 19.73%.

Analysts Set New Price Targets

Several research analysts have issued reports on JD shares. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. UBS Group set a $51.00 price target on shares of JD.com in a report on Friday, March 7th. Susquehanna restated a “neutral” rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a report on Wednesday. Mizuho raised their price target on shares of JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of 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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.64.

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.