Tower Research Capital LLC TRC lessened its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 79.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,400 shares of the information services provider's stock after selling 68,107 shares during the period. Tower Research Capital LLC TRC's holdings in JD.com were worth $603,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV lifted its stake in JD.com by 213.4% in the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock valued at $12,343,000 after buying an additional 242,409 shares during the last quarter. Appaloosa LP lifted its position 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. Van ECK Associates Corp boosted its stake in JD.com by 20.4% during the 4th quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock valued at $13,646,000 after purchasing an additional 66,693 shares during the period. Alberta Investment Management Corp grew its position in JD.com by 25.4% in the 4th quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock worth $17,492,000 after purchasing an additional 102,326 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of JD.com by 76.9% in 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 during the period. Institutional investors and hedge funds own 15.98% of the company's stock.
JD.com Price Performance
NASDAQ JD opened at $32.53 on Monday. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The business's fifty day moving average is $39.34 and its two-hundred day moving average is $38.47. The stock has a market capitalization of $51.30 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.
JD.com Increases Dividend
The business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a $0.76 dividend. This is a positive change from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 1.7%. JD.com's dividend payout ratio (DPR) is 26.13%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on JD. JPMorgan Chase & Co. increased their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a 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. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $35.00 price target on shares of JD.com in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, JD.com presently has a consensus rating of "Moderate Buy" and an average target price of $49.27.
Get Our Latest Stock Report on JD
JD.com Profile
(
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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