Polymer Capital Management HK LTD reduced its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 16.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,590 shares of the information services provider's stock after selling 95,328 shares during the period. JD.com makes up 2.8% of Polymer Capital Management HK LTD's holdings, making the stock its 6th largest position. Polymer Capital Management HK LTD's holdings in JD.com were worth $16,281,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Cerity Partners LLC lifted its stake in shares of JD.com by 9.4% during the third quarter. Cerity Partners LLC now owns 18,466 shares of the information services provider's stock worth $739,000 after buying an additional 1,586 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in JD.com by 280.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,652 shares of the information services provider's stock worth $1,026,000 after acquiring an additional 18,916 shares during the period. Rockefeller Capital Management L.P. grew its stake in JD.com by 24.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 21,295 shares of the information services provider's stock valued at $851,000 after purchasing an additional 4,157 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of JD.com in the third quarter valued at about $280,000. Finally, Quantinno Capital Management LP raised its stake in shares of JD.com by 20.2% in the third quarter. Quantinno Capital Management LP now owns 16,105 shares of the information services provider's stock worth $644,000 after purchasing an additional 2,712 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. UBS Group set a $51.00 target price on JD.com in a research report on Friday, March 7th. Benchmark increased their price objective on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Susquehanna restated a "neutral" rating and set a $45.00 target price (up from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Mizuho lifted their price objective on JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Two 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 company. According to MarketBeat, JD.com currently has an average rating of "Moderate Buy" and an average price target of $46.62.
Read Our Latest Stock Report on JD.com
JD.com Price Performance
JD traded up $0.59 during trading on Friday, hitting $36.17. The company's stock had a trading volume of 14,470,540 shares, compared to its average volume of 13,998,197. The firm has a market capitalization of $57.05 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. The business's fifty day simple moving average is $40.57 and its 200 day simple moving average is $39.07. 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 Increases Dividend
The business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.76 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is a positive change from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is presently 26.13%.
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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