Arrowstreet Capital Limited Partnership Decreases Holdings in JD.com, Inc. (NASDAQ:JD)

Arrowstreet Capital Limited Partnership lessened its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 38.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,159,156 shares of the information services provider's stock after selling 1,339,853 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.14% of JD.com worth $74,858,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Richardson Financial Services Inc. bought a new stake in shares of JD.com in the fourth quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in shares of JD.com during the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC raised 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 buying an additional 417 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of JD.com in the fourth quarter valued at approximately $41,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of JD.com by 111.6% in the fourth 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 period. Institutional investors own 15.98% of the company's stock.

Wall Street Analyst Weigh In

JD has been the subject of a number of recent analyst reports. Mizuho upped 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. Benchmark lifted their price target on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, March 7th. UBS Group set a $51.00 price objective on JD.com in a research note on Friday, March 7th. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a report on Friday, March 7th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.64.

Remove Ads

JD.com Stock Performance

Shares of NASDAQ:JD traded down $0.23 during mid-day trading on Wednesday, reaching $41.09. The company had a trading volume of 6,598,181 shares, compared to its average volume of 13,612,976. JD.com, Inc. has a one year low of $24.13 and a one year 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's 50-day moving average price is $41.39 and its 200-day moving average price is $38.77. The firm has a market cap of $64.80 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a $0.76 dividend. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com's dividend payout ratio (DPR) is presently 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.