Oaktree Capital Management LP trimmed its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 19.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,409,952 shares of the information services provider's stock after selling 350,256 shares during the quarter. JD.com comprises 0.9% of Oaktree Capital Management LP's investment portfolio, making the stock its 23rd biggest position. Oaktree Capital Management LP owned 0.09% of JD.com worth $48,883,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Richardson Financial Services Inc. acquired a new position in JD.com in the fourth quarter valued at about $27,000. Brooklyn Investment Group purchased a new stake in shares of JD.com in the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC lifted its holdings in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after acquiring an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of JD.com during the 4th quarter worth approximately $41,000. Finally, Farther Finance Advisors LLC increased its holdings in JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock valued at $45,000 after purchasing an additional 684 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.
JD.com Stock Performance
Shares of JD.com stock traded down $0.23 on Wednesday, hitting $41.09. The stock had a trading volume of 6,193,656 shares, compared to its average volume of 12,871,110. The company's 50 day moving average price is $41.35 and its 200 day moving average price is $38.75. The stock has a market cap of $64.80 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 0.31 and a beta of 0.43. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82.
JD.com Increases Dividend
The firm also recently announced 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 is Tuesday, April 8th. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a dividend yield of 1.7%. JD.com's dividend payout ratio (DPR) is 26.13%.
Analyst Ratings Changes
JD has been the subject of a number of research reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. 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. JPMorgan Chase & Co. increased their price objective on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Barclays lifted their target price on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Two research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $45.64.
Read Our Latest Report on JD
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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