Mitsubishi UFJ Trust & Banking Corp Has $36.60 Million Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,055,538 shares of the information services provider's stock after selling 38,496 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of JD.com worth $36,596,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Citigroup Inc. lifted its holdings in JD.com by 9.9% in the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock worth $16,012,000 after purchasing an additional 36,096 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its stake in shares of JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock worth $143,086,000 after buying an additional 200,200 shares during the last quarter. KBC Group NV boosted its holdings 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 worth $12,343,000 after buying an additional 242,409 shares during the period. Appaloosa LP grew its stake 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 buying an additional 3,165,885 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock worth $88,580,000 after acquiring an additional 2,211,095 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.

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JD.com Trading Down 1.1 %

NASDAQ JD traded down $0.46 on Monday, reaching $41.12. The company had a trading volume of 7,203,312 shares, compared to its average volume of 13,635,560. The stock has a market cap of $64.85 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82. The stock's 50 day moving average is $41.29 and its 200-day moving average is $38.64. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on JD shares. Benchmark increased their target price on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, March 7th. UBS Group set a $51.00 target price on shares of JD.com in a research note on Friday, March 7th. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Mizuho upped their price target on shares of JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Finally, Barclays raised their price objective 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. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $45.64.

About JD.com

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.