Townsquare Capital LLC Reduces Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Townsquare Capital LLC lowered its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,907 shares of the information services provider's stock after selling 118,738 shares during the quarter. Townsquare Capital LLC's holdings in JD.com were worth $1,973,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of JD. Richardson Financial Services Inc. acquired a new stake in JD.com during the fourth quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in JD.com in the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC lifted its position in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after buying an additional 417 shares in the last quarter. Modus Advisors LLC purchased a new stake in JD.com in the 4th quarter worth $41,000. Finally, Farther Finance Advisors LLC lifted its holdings in JD.com by 111.6% during the fourth 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 in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on JD shares. Dbs Bank raised JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Barclays boosted their price target on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted 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, March 7th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $48.67.

JD.com Stock Performance

Shares of NASDAQ JD traded down $1.01 during trading hours on Monday, reaching $33.71. The stock had a trading volume of 10,978,086 shares, compared to its average volume of 14,151,958. The firm has a 50-day moving average of $40.02 and a 200-day moving average of $38.88. The firm has a market cap of $53.16 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 0.31 and a beta of 0.53. 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 fifty-two week low of $24.13 and a fifty-two week high of $47.82.

JD.com Increases Dividend

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

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.