DRW Securities LLC trimmed its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 46.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,596 shares of the information services provider's stock after selling 16,950 shares during the period. DRW Securities LLC's holdings in JD.com were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in JD. Rhumbline Advisers raised its stake in shares of JD.com by 1.7% during the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock worth $561,000 after purchasing an additional 265 shares during the period. Quintet Private Bank Europe S.A. increased its stake in shares of JD.com by 4.5% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock worth $271,000 after purchasing an additional 334 shares in the last quarter. 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 purchasing an additional 417 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of JD.com by 4.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock valued at $353,000 after buying an additional 436 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in JD.com by 0.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock worth $3,487,000 after buying an additional 597 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.
JD.com Stock Performance
JD traded down $0.86 on Tuesday, reaching $37.32. 6,087,377 shares of the stock were exchanged, compared to its average volume of 14,043,300. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The firm has a market capitalization of $58.86 billion, a PE ratio of 11.81, a PEG ratio of 0.31 and a beta of 0.53. 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 company's 50-day moving average price is $40.44 and its 200 day moving average price is $39.09.
JD.com Increases Dividend
The firm also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is a boost from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is 26.13%.
Analysts Set New Price Targets
Several research analysts have commented on the company. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Susquehanna reissued a "neutral" rating and issued a $45.00 price target (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Barclays increased their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. upped their target price on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, Dbs Bank raised JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, JD.com presently has an average rating of "Moderate Buy" and an average price target of $46.62.
Read Our Latest Report on JD.com
JD.com Company Profile
(
Free Report)
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.
Further Reading
Before you consider JD.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JD.com wasn't on the list.
While JD.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
