Hsbc Holdings PLC Sells 185,281 Shares of JD.com, Inc. (NASDAQ:JD)

Hsbc Holdings PLC trimmed its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 35.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 334,997 shares of the information services provider's stock after selling 185,281 shares during the quarter. Hsbc Holdings PLC's holdings in JD.com were worth $11,619,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JD. FMR LLC increased its position in JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after purchasing an additional 13,170,649 shares during the period. Appaloosa LP raised its stake in JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after buying an additional 3,165,885 shares in the last quarter. Norges Bank purchased a new stake in JD.com during the fourth quarter worth $70,130,000. Robeco Institutional Asset Management B.V. boosted its position in JD.com by 76.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock valued at $114,886,000 after acquiring an additional 1,440,418 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of JD.com in the 4th quarter valued at $47,948,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Up 0.2 %

Shares of JD stock opened at $32.53 on Monday. 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, 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 $51.30 billion, a PE ratio of 10.29, a P/E/G ratio of 0.31 and a beta of 0.53. The stock's 50-day simple moving average is $39.34 and its 200-day simple moving average is $38.47.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. JD.com's dividend payout ratio (DPR) is currently 26.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JD shares. Macquarie reaffirmed a "neutral" rating and set a $35.00 price objective on shares of JD.com in a research report on Wednesday, April 23rd. StockNews.com cut shares of JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. UBS Group set a $51.00 target price on shares of JD.com in a research note on Friday, March 7th. Finally, Susquehanna reaffirmed a "neutral" rating and set a $45.00 price target (up 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, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, JD.com currently has an average rating of "Moderate Buy" and an average price target of $49.27.

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.

Want to see what other hedge funds are holding JD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JD.com, Inc. (NASDAQ:JD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.