Arrowstreet Capital Limited Partnership Sells 1,339,853 Shares of JD.com, Inc. (NASDAQ:JD)

Arrowstreet Capital Limited Partnership lowered its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 38.3% during the fourth quarter, according to its most recent Form 13F 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 about 0.14% of JD.com worth $74,858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of JD. Cerity Partners LLC grew its stake in shares of JD.com by 9.4% in the 3rd quarter. Cerity Partners LLC now owns 18,466 shares of the information services provider's stock valued at $739,000 after purchasing an additional 1,586 shares during the period. D.A. Davidson & CO. acquired a new position in JD.com during the third quarter worth $290,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of JD.com by 280.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,652 shares of the information services provider's stock valued at $1,026,000 after purchasing an additional 18,916 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of JD.com by 24.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 21,295 shares of the information services provider's stock worth $851,000 after purchasing an additional 4,157 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of JD.com during the 3rd quarter worth about $756,000. Institutional investors own 15.98% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Benchmark raised 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. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Barclays raised their target price on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Susquehanna reiterated a "neutral" rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.64.

JD.com Trading Down 7.7 %

JD traded down $3.09 during trading on Friday, reaching $36.81. 25,761,107 shares of the company's stock were exchanged, compared to its average volume of 13,716,682. The company's fifty day moving average price is $41.33 and its 200-day moving average price is $38.93. The firm has a market capitalization of $58.05 billion, a PE ratio of 11.65, a P/E/G ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two 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.

JD.com Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.76 per share. 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 payout ratio 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.