OPTIMAS CAPITAL Ltd Cuts Stock Holdings in JD.com, Inc. (NASDAQ:JD)

OPTIMAS CAPITAL Ltd cut its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 34.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,400 shares of the information services provider's stock after selling 105,000 shares during the period. JD.com comprises approximately 9.4% of OPTIMAS CAPITAL Ltd's portfolio, making the stock its biggest holding. OPTIMAS CAPITAL Ltd's holdings in JD.com were worth $6,948,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Two Sigma Advisers LP grew its holdings in JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock valued at $252,268,000 after purchasing an additional 4,839,700 shares during the period. FMR LLC grew its holdings in JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock valued at $611,080,000 after purchasing an additional 4,445,277 shares during the period. Appaloosa LP grew its holdings in JD.com by 43.4% during the fourth 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 period. National Bank of Canada FI grew its holdings in JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock valued at $88,580,000 after purchasing an additional 2,211,095 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in JD.com by 117.1% during 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 purchasing an additional 2,175,568 shares during the period. 15.98% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on JD. Barclays increased their target price on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Susquehanna reiterated a "neutral" rating and issued a $45.00 price objective (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. 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 research report on Friday, March 7th. Mizuho increased their price objective on JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $45.64.

JD.com Price Performance

NASDAQ JD traded down $0.74 during trading hours on Friday, reaching $42.24. 10,830,055 shares of the stock traded hands, compared to its average volume of 13,594,632. The stock has a 50 day simple moving average of $40.60 and a two-hundred day simple moving average of $37.83. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The company has a market cap of $66.62 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

JD.com Increases Dividend

The business also recently disclosed 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 boost 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 26.13%.

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.