Oaktree Fund Advisors LLC decreased its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 31.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,028 shares of the information services provider's stock after selling 42,861 shares during the quarter. JD.com makes up 5.5% of Oaktree Fund Advisors LLC's portfolio, making the stock its 5th largest position. Oaktree Fund Advisors LLC's holdings in JD.com were worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently modified their holdings of the company. Appaloosa LP grew its stake in JD.com by 43.4% during the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after buying an additional 3,165,885 shares during the last quarter. Two Sigma Advisers LP boosted its position in JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock worth $252,268,000 after purchasing an additional 4,839,700 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in JD.com by 117.1% in the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider's stock valued at $161,356,000 after buying an additional 2,175,568 shares in the last quarter. Maple Rock Capital Partners Inc. grew its holdings in 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 valued at $143,086,000 after purchasing an additional 200,200 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in JD.com by 76.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock worth $114,886,000 after acquiring an additional 1,440,418 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.
JD.com Trading Down 0.6 %
Shares of JD.com stock traded down $0.23 during mid-day trading on Wednesday, hitting $41.09. 6,375,674 shares of the stock were exchanged, compared to its average volume of 13,607,106. The stock has a market capitalization of $64.80 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. 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 twelve month low of $24.13 and a twelve month high of $47.82. The company has a 50-day simple moving average of $41.35 and a 200 day simple moving average of $38.75.
JD.com Increases Dividend
The firm also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a dividend of $0.76 per share. The ex-dividend date is Tuesday, April 8th. This is an increase from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. JD.com's dividend payout ratio is 26.13%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on JD. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. UBS Group set a $51.00 price objective on JD.com in a research report on Friday, March 7th. Susquehanna reaffirmed a "neutral" rating and set a $45.00 price target (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Finally, Barclays raised their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $45.64.
View Our Latest Stock Analysis 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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