Platinum Investment Management Ltd. trimmed its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 457,865 shares of the information services provider's stock after selling 42,453 shares during the quarter. JD.com accounts for approximately 0.9% of Platinum Investment Management Ltd.'s portfolio, making the stock its 21st largest holding. Platinum Investment Management Ltd.'s holdings in JD.com were worth $15,874,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new position in shares of JD.com in the 4th quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in JD.com in the fourth quarter valued at about $34,000. Nisa Investment Advisors LLC lifted its position in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after acquiring an additional 417 shares during the period. Modus Advisors LLC purchased a new stake in shares of JD.com during the 4th quarter worth approximately $41,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after acquiring an additional 684 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on JD. Mizuho lifted their price objective on JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. UBS Group set a $51.00 price objective on shares of JD.com in a research report on Friday, March 7th. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a report on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Barclays raised their price target on shares of JD.com from $50.00 to $55.00 and gave the company 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 assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $45.64.
Read Our Latest Analysis on JD.com
JD.com Price Performance
NASDAQ:JD traded down $0.74 during trading hours on Friday, reaching $42.24. 10,830,055 shares of the company's stock were exchanged, compared to its average volume of 13,593,439. The company has a market capitalization of $66.62 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The business's 50-day simple moving average is $40.60 and its two-hundred day simple moving average is $37.91. 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 company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. The ex-dividend date 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 payout ratio is currently 26.13%.
About JD.com
(
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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