FIL Ltd lowered its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 62.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,288,000 shares of the information services provider's stock after selling 5,371,145 shares during the quarter. FIL Ltd owned 0.21% of JD.com worth $113,995,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rhumbline Advisers grew its stake in shares of JD.com by 1.7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock valued at $561,000 after buying an additional 265 shares during the last quarter. Quintet Private Bank Europe S.A. grew its position in JD.com by 4.5% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock valued at $271,000 after acquiring an additional 334 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after purchasing an additional 417 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of JD.com by 4.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock valued at $353,000 after purchasing an additional 436 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of JD.com by 0.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock worth $3,487,000 after purchasing an additional 597 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.
JD.com Stock Up 6.0 %
Shares of JD stock traded up $2.19 during trading hours on Monday, reaching $38.61. 9,899,423 shares of the company's stock were exchanged, compared to its average volume of 14,041,686. The stock has a market cap of $60.89 billion, a PE ratio of 12.22, a PEG ratio of 0.31 and a beta of 0.53. 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 stock's fifty day moving average price is $40.48 and its two-hundred day moving average price is $39.10. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82.
JD.com Increases Dividend
The business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a $0.76 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is currently 26.13%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on JD shares. Susquehanna reiterated a "neutral" rating and set a $45.00 price objective (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. UBS Group set a $51.00 price target on JD.com in a report on Friday, March 7th. Benchmark lifted their target price on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, JD.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.62.
View Our Latest Analysis on JD
About JD.com
(
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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