Renaissance Group LLC trimmed its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,617 shares of the information services provider's stock after selling 22,905 shares during the quarter. Renaissance Group LLC's holdings in JD.com were worth $7,267,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of JD. FMR LLC lifted its position in JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after acquiring an additional 13,170,649 shares during the last quarter. Appaloosa LP grew its position 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 purchasing an additional 3,165,885 shares during the last quarter. Norges Bank acquired a new position in JD.com in the fourth quarter valued at $70,130,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of JD.com by 76.9% in the fourth 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 during the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of JD.com during the fourth quarter worth about $47,948,000. 15.98% of the stock is owned by hedge funds and other institutional investors.
JD.com Price Performance
JD traded up $0.84 during trading on Friday, reaching $36.42. 22,637,267 shares of the stock were exchanged, compared to its average volume of 14,055,470. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The company has a market capitalization of $57.44 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 0.31 and a beta of 0.53. The business's 50 day moving average price is $40.48 and its two-hundred day moving average price is $39.10. 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 firm 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 $0.76 dividend. This represents a yield of 1.7%. This is a boost from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. JD.com's dividend payout ratio is presently 26.13%.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Benchmark upped their price objective on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research note 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. JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Barclays upped their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, Dbs Bank raised shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $46.62.
Read Our Latest Stock Report on JD.com
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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