Legal & General Group Plc Cuts Stake in JD.com, Inc. (NASDAQ:JD)

Legal & General Group Plc lessened its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 14.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 993,516 shares of the information services provider's stock after selling 170,739 shares during the period. Legal & General Group Plc owned about 0.06% of JD.com worth $34,442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV grew its stake in shares of JD.com by 213.4% during the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock valued at $12,343,000 after acquiring an additional 242,409 shares during the period. Appaloosa LP boosted its position in shares of JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after purchasing an additional 3,165,885 shares during the period. Van ECK Associates Corp increased its stake in shares of JD.com by 20.4% in the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock worth $13,646,000 after purchasing an additional 66,693 shares in the last quarter. Alberta Investment Management Corp raised its position in shares of JD.com by 25.4% during the 4th quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock valued at $17,492,000 after purchasing an additional 102,326 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of JD.com by 76.9% during the 4th 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 buying an additional 1,440,418 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Trading Down 1.8 %

JD stock traded down $0.63 during mid-day trading on Friday, reaching $34.70. 13,839,001 shares of the stock traded hands, compared to its average volume of 14,148,561. The business has a 50-day moving average price of $40.15 and a two-hundred day moving average price of $39.01. The stock has a market capitalization of $54.73 billion, a PE ratio of 10.98, a PEG 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, 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. Stockholders of record on Tuesday, April 8th will be paid 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 of this dividend is Tuesday, April 8th. JD.com's payout ratio is currently 26.13%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Benchmark boosted their target price on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Susquehanna reaffirmed a "neutral" rating and issued a $45.00 target price (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Finally, StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, JD.com presently has an average rating of "Moderate Buy" and an average target price of $47.00.

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.