Marshall Wace LLP lowered its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 79.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,373,344 shares of the information services provider's stock after selling 5,415,886 shares during the quarter. Marshall Wace LLP owned approximately 0.09% of JD.com worth $47,614,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in JD.com by 280.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,652 shares of the information services provider's stock worth $1,026,000 after acquiring an additional 18,916 shares during the period. Wellington Management Group LLP purchased a new position in JD.com during the third quarter valued at approximately $346,000. MML Investors Services LLC increased its stake in JD.com by 25.1% in the 3rd quarter. MML Investors Services LLC now owns 18,539 shares of the information services provider's stock valued at $742,000 after buying an additional 3,717 shares during the period. Virtu Financial LLC lifted its position in JD.com by 86.5% in the 3rd quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider's stock worth $2,766,000 after buying an additional 32,079 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of JD.com during the 3rd quarter valued at $3,170,000. 15.98% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
JD has been the subject of several recent research reports. UBS Group set a $51.00 price objective on JD.com in a report on Friday, March 7th. Dbs Bank upgraded JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Susquehanna reiterated a "neutral" rating and issued a $45.00 target price (up from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Mizuho lifted 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, March 7th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $48.67.
Get Our Latest Analysis on JD
JD.com Stock Performance
Shares of JD stock traded down $0.66 during trading hours on Monday, reaching $34.06. 14,685,966 shares of the company's stock were exchanged, compared to its average volume of 14,165,296. The business has a fifty day moving average price of $40.02 and a 200-day moving average price of $38.88. The stock has a market capitalization of $53.72 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.31 and a beta of 0.53. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82.
JD.com Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Stockholders 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 represents a dividend yield of 1.7%. This is a positive change from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio is currently 26.13%.
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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