Virtu Financial LLC Decreases Position in JD.com, Inc. (NASDAQ:JD)

Virtu Financial LLC lowered its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 47.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,543 shares of the information services provider's stock after selling 32,603 shares during the quarter. Virtu Financial LLC's holdings in JD.com were worth $1,267,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Summit Global Investments grew its stake in JD.com by 15.9% in the 4th quarter. Summit Global Investments now owns 53,922 shares of the information services provider's stock worth $1,869,000 after acquiring an additional 7,405 shares in the last quarter. HUB Investment Partners LLC raised its holdings in shares of JD.com by 2.7% in the fourth quarter. HUB Investment Partners LLC now owns 45,342 shares of the information services provider's stock valued at $1,572,000 after acquiring an additional 1,203 shares in the last quarter. Contrarius Group Holdings Ltd bought a new stake in shares of JD.com in the 4th quarter valued at about $35,841,000. Tejara Capital Ltd purchased a new stake in shares of JD.com in the 4th quarter worth approximately $998,000. Finally, Signaturefd LLC boosted its stake in shares of JD.com by 6.9% during the fourth quarter. Signaturefd LLC now owns 14,403 shares of the information services provider's stock valued at $499,000 after purchasing an additional 928 shares in the last quarter. Institutional investors own 15.98% of the company's stock.

JD.com Trading Up 0.7 %

Shares of NASDAQ:JD traded up $0.31 during mid-day trading on Wednesday, reaching $41.78. 9,347,039 shares of the company were exchanged, compared to its average volume of 13,554,221. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. 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's 50-day simple moving average is $41.05 and its 200 day simple moving average is $38.23. The firm has a market cap of $65.89 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 0.31 and a beta of 0.43.

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JD.com Increases Dividend

The company also recently declared 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. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a dividend yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com's dividend payout ratio (DPR) is currently 26.13%.

Analyst Upgrades and Downgrades

JD has been the topic of several recent research reports. UBS Group set a $51.00 target price on JD.com in a research report on Friday, March 7th. StockNews.com downgraded shares of JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Barclays boosted their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upped their target price on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.64.

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.