Oaktree Capital Management LP Trims Holdings in JD.com, Inc. (NASDAQ:JD)

Oaktree Capital Management LP cut its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,409,952 shares of the information services provider's stock after selling 350,256 shares during the period. JD.com accounts for 0.9% of Oaktree Capital Management LP's holdings, making the stock its 23rd largest position. Oaktree Capital Management LP owned about 0.09% of JD.com worth $48,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Appaloosa LP lifted its stake in JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after purchasing an additional 3,165,885 shares during the last quarter. Two Sigma Advisers LP increased its holdings in JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock worth $252,268,000 after purchasing an additional 4,839,700 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider's stock worth $161,356,000 after purchasing an additional 2,175,568 shares in the last quarter. Maple Rock Capital Partners Inc. raised its position in JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock valued at $143,086,000 after purchasing an additional 200,200 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of JD.com by 76.9% during the fourth 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 purchasing an additional 1,440,418 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on JD shares. StockNews.com downgraded shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Barclays lifted their price target on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Mizuho increased their price objective on shares of JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their price target on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, Susquehanna reissued a "neutral" rating and issued a $45.00 price objective (up previously from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $45.64.

JD.com Price Performance

NASDAQ JD traded down $0.98 during trading on Thursday, reaching $40.11. The company's stock had a trading volume of 6,450,637 shares, compared to its average volume of 13,585,140. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The firm has a fifty day moving average of $41.39 and a 200 day moving average of $38.77. The stock has a market capitalization of $63.26 billion, a PE ratio of 12.69, a P/E/G ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82.

JD.com Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This is a boost from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. JD.com's dividend payout ratio is currently 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.