Dodge & Cox Has $579.80 Million Stock Position in JD.com, Inc. (NASDAQ:JD)

Dodge & Cox lessened its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 25.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,723,441 shares of the information services provider's stock after selling 5,759,008 shares during the quarter. Dodge & Cox owned about 1.06% of JD.com worth $579,802,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Jump Financial LLC bought a new position in JD.com during the fourth quarter worth about $5,449,000. Causeway Capital Management LLC grew its holdings in JD.com by 2.7% during the fourth quarter. Causeway Capital Management LLC now owns 1,511,092 shares of the information services provider's stock valued at $52,390,000 after purchasing an additional 40,001 shares during the period. XTX Topco Ltd grew its holdings in JD.com by 97.7% during the fourth quarter. XTX Topco Ltd now owns 28,157 shares of the information services provider's stock valued at $976,000 after purchasing an additional 13,914 shares during the period. Belpointe Asset Management LLC bought a new stake in JD.com in the fourth quarter valued at approximately $596,000. Finally, CreativeOne Wealth LLC acquired a new stake in JD.com in the fourth quarter worth $899,000. Institutional investors own 15.98% of the company's stock.

JD.com Stock Down 1.8 %

Shares of NASDAQ JD traded down $0.63 during trading hours on Friday, hitting $34.70. The company had a trading volume of 13,839,001 shares, compared to its average volume of 14,163,171. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm's 50 day moving average is $40.02 and its 200-day moving average is $38.92. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The stock has a market capitalization of $54.73 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53.

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. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is an increase from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is 26.13%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Dbs Bank upgraded JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Susquehanna restated a "neutral" rating and set a $45.00 target price (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Benchmark upped their price target on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Barclays upped their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $48.67.

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.