EPIQ Capital Group LLC cut its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,148 shares of the information services provider's stock after selling 8,915 shares during the period. JD.com makes up approximately 0.7% of EPIQ Capital Group LLC's holdings, making the stock its 19th largest holding. EPIQ Capital Group LLC's holdings in JD.com were worth $2,605,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mount Lucas Management LP increased its holdings in JD.com by 100.0% during the 4th quarter. Mount Lucas Management LP now owns 400,000 shares of the information services provider's stock valued at $13,868,000 after acquiring an additional 200,000 shares in the last quarter. Amundi increased its stake in shares of JD.com by 56.3% during the 4th quarter. Amundi now owns 834,307 shares of the information services provider's stock worth $28,967,000 after purchasing an additional 300,517 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of JD.com by 5.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 55,176 shares of the information services provider's stock worth $1,913,000 after purchasing an additional 2,751 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in JD.com in the 4th quarter valued at approximately $4,108,000. Finally, Raymond James Financial Inc. acquired a new stake in JD.com during the 4th quarter valued at $2,363,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Citigroup decreased their price objective on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. lifted their price target on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday. Mizuho upped their price objective on shares of JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday. Sanford C. Bernstein raised shares of JD.com from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Finally, Dbs Bank upgraded JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.92.
Get Our Latest Research Report on JD.com
JD.com Price Performance
Shares of JD.com stock opened at $42.29 on Monday. The stock has a market capitalization of $66.70 billion, a P/E ratio of 13.38, a PEG ratio of 0.31 and a beta of 0.43. 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 business's fifty day moving average price is $38.99 and its 200 day moving average price is $36.85. JD.com, Inc. has a twelve month low of $23.78 and a twelve month high of $47.82.
JD.com Increases Dividend
The company also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 1.7%. This is a boost from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is presently 19.73%.
JD.com Company Profile
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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.
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