Patient Capital Management LLC Invests $3.47 Million in JD.com, Inc. (NASDAQ:JD)

Patient Capital Management LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 100,000 shares of the information services provider’s stock, valued at approximately $3,467,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. purchased a new stake in shares of JD.com during the fourth quarter worth approximately $27,000. Brooklyn Investment Group purchased a new position in shares of JD.com in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC raised its position 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 worth $35,000 after acquiring an additional 417 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after purchasing an additional 684 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings in JD.com by 129.1% in the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 785 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

JD has been the subject of several analyst reports. Benchmark upped their price objective on JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Macquarie reaffirmed a “neutral” rating and set a $35.00 price target on shares of JD.com in a report on Wednesday, April 23rd. Bank of America dropped their price objective on shares of JD.com from $51.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Citigroup restated a “buy” rating and issued a $51.00 target price (down previously from $56.00) on shares of JD.com in a research note on Monday, April 28th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and an average target price of $49.27.

JD.com Price Performance

Shares of NASDAQ:JD opened at $37.25 on Wednesday. The firm has a market capitalization of $58.75 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. 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’s 50 day simple moving average is $37.55 and its 200-day simple moving average is $37.94. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82.

JD.com Increases Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were issued a $0.76 dividend. This is a positive change from JD.com’s previous annual dividend of $0.74. The ex-dividend date was Tuesday, April 8th. This represents a yield of 1.7%. JD.com’s dividend payout ratio is 26.13%.

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.