Aspex Management HK Ltd Takes $93.56 Million Position in JD.com, Inc. (NASDAQ:JD)

Aspex Management HK Ltd acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,698,651 shares of the information services provider’s stock, valued at approximately $93,562,000. JD.com comprises approximately 2.5% of Aspex Management HK Ltd’s holdings, making the stock its 16th biggest position.

Several other large investors have also bought and sold shares of the business. FMR LLC increased its holdings in shares of JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock worth $986,280,000 after buying an additional 13,170,649 shares in the last quarter. Appaloosa LP increased its holdings in JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after purchasing an additional 3,165,885 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in JD.com by 76.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider’s stock valued at $114,886,000 after purchasing an additional 1,440,418 shares during the last quarter. Voya Investment Management LLC bought a new stake in shares of JD.com during the fourth quarter worth about $109,665,000. Finally, North of South Capital LLP increased its stake in shares of JD.com by 48.2% in the fourth quarter. North of South Capital LLP now owns 2,899,808 shares of the information services provider’s stock valued at $100,536,000 after buying an additional 942,629 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Mizuho boosted their target price 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. Barclays increased their price objective on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Macquarie reaffirmed a “neutral” rating and set a $35.00 target price on shares of JD.com in a report on Wednesday, April 23rd. UBS Group set a $51.00 price target on JD.com in a research note on Friday, March 7th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and an average price target of $49.27.

JD.com Price Performance

JD.com stock opened at $34.47 on Friday. The stock has a market capitalization of $54.36 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock’s 50 day moving average price is $38.60 and its two-hundred day moving average price is $38.20.

JD.com Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This is a positive change from JD.com’s previous annual dividend of $0.74. This represents a yield of 1.7%. JD.com’s dividend payout ratio is currently 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.