Pinpoint Asset Management Ltd decreased its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 83.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,691 shares of the information services provider's stock after selling 278,621 shares during the period. JD.com comprises approximately 0.3% of Pinpoint Asset Management Ltd's holdings, making the stock its 29th largest holding. Pinpoint Asset Management Ltd's holdings in JD.com were worth $1,896,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of JD. Appaloosa LP boosted 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 in the last quarter. Two Sigma Advisers LP lifted its position in shares of JD.com by 329.9% during 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 buying an additional 4,839,700 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in JD.com by 76.9% in 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. North of South Capital LLP raised its stake in JD.com by 48.2% during the fourth quarter. North of South Capital LLP now owns 2,899,808 shares of the information services provider's stock worth $100,536,000 after acquiring an additional 942,629 shares in the last quarter. Finally, Soros Fund Management LLC raised its stake in JD.com by 114.1% during the third quarter. Soros Fund Management LLC now owns 2,730,000 shares of the information services provider's stock worth $109,200,000 after acquiring an additional 1,455,000 shares in the last quarter. Institutional investors own 15.98% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on JD. UBS Group set a $51.00 target price on shares of JD.com in a report on Friday, March 7th. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Barclays boosted their target price on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Benchmark raised their price target on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, JD.com currently has an average rating of "Moderate Buy" and a consensus price target of $46.62.
Check Out Our Latest Analysis on JD.com
JD.com Trading Up 1.6 %
NASDAQ JD traded up $0.53 during trading hours on Wednesday, hitting $33.55. The company's stock had a trading volume of 11,639,852 shares, compared to its average volume of 13,853,160. The stock has a fifty day moving average of $40.92 and a 200 day moving average of $39.05. 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, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. The firm has a market capitalization of $52.91 billion, a P/E ratio of 10.62, a PEG ratio of 0.31 and a beta of 0.53.
JD.com Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. The ex-dividend date is Tuesday, April 8th. This is a boost from JD.com's previous annual dividend of $0.74. This represents a dividend yield of 1.7%. JD.com's payout ratio is 26.13%.
JD.com Company 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.
Further Reading
Before you consider JD.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JD.com wasn't on the list.
While JD.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
