Federated Hermes Inc. Sells 721,410 Shares of JD.com, Inc. (NASDAQ:JD)

Federated Hermes Inc. cut its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,702,231 shares of the information services provider's stock after selling 721,410 shares during the period. Federated Hermes Inc. owned 0.17% of JD.com worth $93,686,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JD. Rahlfs Capital LLC acquired a new stake in JD.com during the fourth quarter worth $255,000. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of JD.com by 131.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 847,176 shares of the information services provider's stock valued at $29,372,000 after purchasing an additional 480,546 shares during the last quarter. Aviva PLC raised its stake in shares of JD.com by 33.6% during the 4th quarter. Aviva PLC now owns 304,791 shares of the information services provider's stock worth $10,567,000 after buying an additional 76,620 shares in the last quarter. Hel Ved Capital Management Ltd purchased a new position in JD.com in the fourth quarter valued at about $5,703,000. Finally, Ovata Capital Management Ltd grew its holdings in JD.com by 175.7% during the 4th quarter. Ovata Capital Management Ltd now owns 52,391 shares of the information services provider's stock valued at $1,816,000 after buying an additional 33,391 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

Wall Street Analysts Forecast Growth

JD has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a report on Friday, March 7th. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, Benchmark boosted their target price on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, JD.com has a consensus rating of "Moderate Buy" and an average target price of $46.62.

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JD.com Trading Up 2.4 %

Shares of JD stock traded up $0.84 during mid-day trading on Friday, reaching $36.42. The stock had a trading volume of 22,637,267 shares, compared to its average volume of 14,059,719. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. 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 50-day moving average price is $40.48 and its two-hundred day moving average price is $39.09. The firm has a market capitalization of $57.44 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53.

JD.com Increases Dividend

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

JD.com 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.